BTC/USDT - 1H - Bullish Reversal
BTC/USDT has been in a bearish trend. The price action has bounced off an important Support Zone that seems to have caused a bullish reversal.
The Bullish Bias is based on the following signals:
Expecting bulls to be in control and take price towards the Resistance Zone.
The Bullish Bias is based on the following signals:
- Price has stopped making LHs and LLs
- Double bottom at support with neckline breakout
- GMMA: Slow and Fast MA crossover
- Falling Resistance breakout with bullish hammers
- Bullish divergence on RSI + strength over 50 and not too near overbought levels
- OBV convergence with price (uptrend has conviction)
Expecting bulls to be in control and take price towards the Resistance Zone.
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