BTCUSD - Intraday - We look to Sell at 57592 (stop at 58755)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Pivot resistance is at 58354.
Bespoke resistance is located at 57500.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A lower correction is expected.
Our profit targets will be 54376 and 53148
Resistance: 56600 / 57500 / 58150
Support: 55000 / 54000 / 53300
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Pivot resistance is at 58354.
Bespoke resistance is located at 57500.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A lower correction is expected.
Our profit targets will be 54376 and 53148
Resistance: 56600 / 57500 / 58150
Support: 55000 / 54000 / 53300
Order cancelled
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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.
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.