BTCUSDTPERP analysis
15M time frame
In this time frame, we see the double bottom pattern in the price chart, and according to this pattern, we expect the price to rise to the level of $ 35,150.
If the price crosses the resistance level of $ 35150 with a valid candlestick, the bullish scenario will be activated and we will expect the price to climb to the following target point:
TP1: 35400
TP2: 35700
Also, if the price crosses the neckline of the double bottom pattern with a valid candlestick, ie the support level of $ 34,600, the downtrend scenario will continue and we will expect a downturn to the following target point:
TP1: 34500
TP2: 34300
TP3: 34100
15M time frame
In this time frame, we see the double bottom pattern in the price chart, and according to this pattern, we expect the price to rise to the level of $ 35,150.
If the price crosses the resistance level of $ 35150 with a valid candlestick, the bullish scenario will be activated and we will expect the price to climb to the following target point:
TP1: 35400
TP2: 35700
Also, if the price crosses the neckline of the double bottom pattern with a valid candlestick, ie the support level of $ 34,600, the downtrend scenario will continue and we will expect a downturn to the following target point:
TP1: 34500
TP2: 34300
TP3: 34100
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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.