Hello, Traders!
Buyers continue local ascending movement from 29150$
All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $
In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued.
We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000
Entry in the deal can be considered in the range of $44600-$45100
The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis)
Targets would be Fibonacci levels at
$51 000
$54 200
$56 300
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade I am following myself
Buyers continue local ascending movement from 29150$
All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $
In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued.
We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000
Entry in the deal can be considered in the range of $44600-$45100
The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis)
Targets would be Fibonacci levels at
$51 000
$54 200
$56 300
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade I am following myself
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.
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.