BTCUSDTPERP analysis
15M time frame
In this time frame, after the price hits the $ 40,600 resistance level, the price has entered its downtrend with a high momentum, and after hitting the $ 37,700 support level, it has entered its correction phase.
If the price crosses the resistance level of $ 38,800 with a valid candle, the price will enter its ascending phase and we will expect to ascend to the following target point:
TP1: 39500
TP2: 40000
Also, if the price crosses the support level of $ 38,100, the price will continue its downward trend and we will expect the following target point:
TP1: 37400
TP2: 36500
15M time frame
In this time frame, after the price hits the $ 40,600 resistance level, the price has entered its downtrend with a high momentum, and after hitting the $ 37,700 support level, it has entered its correction phase.
If the price crosses the resistance level of $ 38,800 with a valid candle, the price will enter its ascending phase and we will expect to ascend to the following target point:
TP1: 39500
TP2: 40000
Also, if the price crosses the support level of $ 38,100, the price will continue its downward trend and we will expect the following target point:
TP1: 37400
TP2: 36500
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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.