Bitcoin / TetherShort
BTC Technical analysis 4-May 2020
Hello
Currently price is testing the 8.580$ Horizontal Support. In case we have a confirmed breakout of this level I will look for retest of 200 MA and maybe for retest of the Lower Boundary of a Descending Channel.
Important notice that short is not considered while we remain above the 8.580$ Horizontal Support.
Moreover if we have a confirmed breakout of the Mid Line resistance and then breakout of the 8.715$ Local Resistance I will expect the retest of 50 MA resistance and then the Higher Boudary of a Descending Channel + Resistance Zone
Currently price is testing the 8.580$ Horizontal Support. In case we have a confirmed breakout of this level I will look for retest of 200 MA and maybe for retest of the Lower Boundary of a Descending Channel.
Important notice that short is not considered while we remain above the 8.580$ Horizontal Support.
Moreover if we have a confirmed breakout of the Mid Line resistance and then breakout of the 8.715$ Local Resistance I will expect the retest of 50 MA resistance and then the Higher Boudary of a Descending Channel + Resistance Zone
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