BitcoinLong
Bitcoin Aims At $50,000 Next Target +Support & Resistance Levels
Bitcoin has broken out of a strong descending channel on the 12H timeframe and is now aiming at $50,000.
This $50,000 target is supported by a break above EMA100 and EMA50 recently with good volume.
Multiple tools, signals and indicators are aiming at this range between $49,000 and $50,000+ as the next resistance.
$42820 is the short-term support on this setup.
This is not financial advice.
Namaste.
This $50,000 target is supported by a break above EMA100 and EMA50 recently with good volume.
- This resistance level is set halfway thru the real body of the strong bearish candle on 3-Dec. 2021.
- We also have MA200 reaching this exact same level.
- The 0.5 Fib. retracement level for the bullish wave started after July's 2021 low also lands here.
- Finally, this 50k target also coincides with a Fib. extension level.
Multiple tools, signals and indicators are aiming at this range between $49,000 and $50,000+ as the next resistance.
$42820 is the short-term support on this setup.
This is not financial advice.
Namaste.
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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.
💥💥💥 90% OFF Available, All PREMIUM Channels (LIFETIME access) 👉 lamatrades.com (Since 2017)
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
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.