BTCUSDTPERP analysis
15M time frame
In this time frame, as we see, we see the continuation pattern of the flag, after the price hit the support level of $ 37,700, the price has entered its correction phase.
If the price crosses the resistance level of $ 40,000 with a valid candlestick, the bullish scenario will be activated and we will expect the following target point:
TP1: 40600
TP2: 41400
TP3: 42300
Otherwise, with the price crossing the $ 39,000 support level, a downtrend scenario will be activated with a valid candlestick, and we will expect a downturn to the following target point:
TP1: 38500
TP2: 37750
TP3: 37200
GOOD LUCK
DAAN
15M time frame
In this time frame, as we see, we see the continuation pattern of the flag, after the price hit the support level of $ 37,700, the price has entered its correction phase.
If the price crosses the resistance level of $ 40,000 with a valid candlestick, the bullish scenario will be activated and we will expect the following target point:
TP1: 40600
TP2: 41400
TP3: 42300
Otherwise, with the price crossing the $ 39,000 support level, a downtrend scenario will be activated with a valid candlestick, and we will expect a downturn to the following target point:
TP1: 38500
TP2: 37750
TP3: 37200
GOOD LUCK
DAAN
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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.