#BTC/USDT With or without a pullback to 20k, #BTC will decline
Updated
It dropped near the June lows of 17.5K and this support level held again, with big volume
Flow.
The price is trying to break back above 20K, but so far it has been stuck there
A zone of resistance. Create a price alert.
Across all time horizons (Short, Medium, and Long-Term), the trend is down.
Mixed momentum with MACD Line above MACD Signal Line (Bullish) and RSI ~ 50 (Neutral).
Momentum appears to be waning based on the declining MACD Histogram bars.
As OBV (On Balance Volume) declines, it indicates that volume on Up days is lower than on Down days
Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is 17.5K. The nearest Resistance Zone is 20.0K
(previous support), then 25.0K â€" 26.0K, and 29.0K â€"31.0K.
Flow.
The price is trying to break back above 20K, but so far it has been stuck there
A zone of resistance. Create a price alert.
Across all time horizons (Short, Medium, and Long-Term), the trend is down.
Mixed momentum with MACD Line above MACD Signal Line (Bullish) and RSI ~ 50 (Neutral).
Momentum appears to be waning based on the declining MACD Histogram bars.
As OBV (On Balance Volume) declines, it indicates that volume on Up days is lower than on Down days
Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is 17.5K. The nearest Resistance Zone is 20.0K
(previous support), then 25.0K â€" 26.0K, and 29.0K â€"31.0K.
Note
It's exactly touch 18190$ & we will give you 18170$ Support target. This idea is still valid.
Trade closed: target reached
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