BTCUSD- Bearish Range, at support.
Updated
BTCUSD is following bearish trend line, until it makes strong close above 38200,
strong support price at 37000 (missed by 50$), price is in range between 38200 to 37000,
so short setup could possible at range Resistance, and Long position setup at Support price.
Looking for short position on resistance 38200, after trend line break out.
! Strong close above that could be bullish move.
Technical- Based on Support/Resistance and trend line:
- Range support: 37000
- Range resistance: 38200
! leave feedback please.
Image-
strong support price at 37000 (missed by 50$), price is in range between 38200 to 37000,
so short setup could possible at range Resistance, and Long position setup at Support price.
Looking for short position on resistance 38200, after trend line break out.
! Strong close above that could be bullish move.
Technical- Based on Support/Resistance and trend line:
- Range support: 37000
- Range resistance: 38200
! leave feedback please.
Image-
Note
Short setup didn't trigger, respected trend line despite of breakout.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.