Get started
Bitcoin / TetherUS
Long
Updated

BTCUSDT - Trend reversal from $24k to fib retracement $29k

162
Technical Analysis
  • Weekly oversold (shown by low RSI and Williams %R )
  • Price attempting out above 24k and entering the pocket between 10EMA and 20EMA on the weekly chart for a potential retracement to £29k (weekly 20EMA/ 0.236 fib level)


Price Target
  • Entry 24k
  • Target 1: 26.5k
  • Target 2: 29K
Trade active
Note
Move Stop Loss to £22,250 for a maximum loss of 7.35%. Target 1 is still $26.5 for +10%.
subtlepapi
Also on:
breakoutbreakouttradingChart PatternsTechnical IndicatorsreversalreversalpatterntechnicalTechnical AnalysistrendTrend AnalysisTrend Line Breaktrendtrading

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.
breakoutbreakouttradingChart PatternsTechnical IndicatorsreversalreversalpatterntechnicalTechnical AnalysistrendTrend AnalysisTrend Line Breaktrendtrading
subtlepapi
Also on:

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.