BTCUSDTPERP analysis
15M time frame
In this time frame, the price chart is stuck in its downtrend line (blue line). After the price hit the $ 20,800 level, the price has corrected.
If the price crosses the resistance level of $ 22,500 and breaks its trend line with a valid candlestick, the short-term uptrend scenario will be activated and we will expect the following level:
TP1: 23650
TP2: 24500
TP3: 25400
Also, if the price crosses the $ 21,800 support level with a valid candlestick, the downtrend scenario will continue and we will expect the following level:
TP1: 20800
TP2: 19650
TP3: 18500
GOOD LUCK
DAAN
15M time frame
In this time frame, the price chart is stuck in its downtrend line (blue line). After the price hit the $ 20,800 level, the price has corrected.
If the price crosses the resistance level of $ 22,500 and breaks its trend line with a valid candlestick, the short-term uptrend scenario will be activated and we will expect the following level:
TP1: 23650
TP2: 24500
TP3: 25400
Also, if the price crosses the $ 21,800 support level with a valid candlestick, the downtrend scenario will continue and we will expect the following level:
TP1: 20800
TP2: 19650
TP3: 18500
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.