BTCUSDTPERP analysis
Time frame 1H
The price entered the downtrend phase with high momentum after hitting the resistance level of $ 40,000, as you can see in the picture, the price has a technical pattern of a falling wedge.
If the price crosses the resistance level of $ 36,300 with a valid candlestick, a more probable bullish scenario will be activated and we will expect to climb to the following target point:
TP1: 37000
TP2: 37600
TP3: 38500
Also, if the price crosses the support level of $ 35200 with a valid candlestick, the downtrend scenario will continue and we will expect the price to drop to the following target point:
TP1: 34200
TP2: 33400
TP3: 32000
GOOD LUCK
DAAN
Time frame 1H
The price entered the downtrend phase with high momentum after hitting the resistance level of $ 40,000, as you can see in the picture, the price has a technical pattern of a falling wedge.
If the price crosses the resistance level of $ 36,300 with a valid candlestick, a more probable bullish scenario will be activated and we will expect to climb to the following target point:
TP1: 37000
TP2: 37600
TP3: 38500
Also, if the price crosses the support level of $ 35200 with a valid candlestick, the downtrend scenario will continue and we will expect the price to drop to the following target point:
TP1: 34200
TP2: 33400
TP3: 32000
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.