BTC / USDTPERP analysis
15M time frame
In this time frame, after the price has risen from the level of $ 40,500 with a high momentum to the resistance level of $ 41600, it has entered its corrective phase. As you can see in the picture, the price in this time frame has a technical pattern of the bullish pennant flag. , If the price crosses the resistance level of $ 41450 with a valid candle, we will expect to climb to the following target point:
TP1: 41650
TP2: 41750
TP3: 41950
Also, if the price crosses the resistance level of $ 41200 with a valid candlestick, the downtrend scenario will be activated and we will expect a fall to the following target points:
TP1: 41000
TP2: 40900
TP3: 40800
GOOD LUCK
DAAN
15M time frame
In this time frame, after the price has risen from the level of $ 40,500 with a high momentum to the resistance level of $ 41600, it has entered its corrective phase. As you can see in the picture, the price in this time frame has a technical pattern of the bullish pennant flag. , If the price crosses the resistance level of $ 41450 with a valid candle, we will expect to climb to the following target point:
TP1: 41650
TP2: 41750
TP3: 41950
Also, if the price crosses the resistance level of $ 41200 with a valid candlestick, the downtrend scenario will be activated and we will expect a fall to the following target points:
TP1: 41000
TP2: 40900
TP3: 40800
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.