Change Of Direction, Bitcoin Aims At $6720 / $8260 Next
BTCUSD (Bitcoin) managed to close above EMA50 ($5885) and is now gaining momentum while climbing higher.
The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern.
If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change
If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
What do you think will happen next?
Thanks a lot for reading.
Comments section below!
Namaste.
The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern.
If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change
If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
What do you think will happen next?
Thanks a lot for reading.
Comments section below!
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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