BTCUSDT continues the downtrend as we are getting closer and closer to the 30K support.
The 30K support is just below us right now, and could potentially bring in some buying pressure to stop to the downtrend.
If the 30k support holds, we could range for a while in the area below the Ichimoku cloud and above the support.
This could prove a good opportunity to either consolidate before a new leg up.
But if bulls show little strength we could continue the downtrend until the 20K's
The 30K support is just below us right now, and could potentially bring in some buying pressure to stop to the downtrend.
If the 30k support holds, we could range for a while in the area below the Ichimoku cloud and above the support.
This could prove a good opportunity to either consolidate before a new leg up.
But if bulls show little strength we could continue the downtrend until the 20K's
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.