BTCUSDTPERP analysis
15M time frame
In this time frame, after falling with a high momentum, the price has entered its correction phase after hitting the $ 29,200 support level.
As you can see in the picture, the price in the technical pattern of RISING WEDGE is modifying itself.
If the price crosses the resistance level of $ 29800 with a valid candlestick, the bullish scenario will be activated and we will expect the following level:
TP1: 30200
TP2: 30500
TP3: 30800
Also, if the price crosses the support level of $ 29200 with a valid candlestick, the downtrend scenario will continue and we expect the following level from the price:
TP1: 28600
TP2: 27700
GOOD LUCK
DAAN
15M time frame
In this time frame, after falling with a high momentum, the price has entered its correction phase after hitting the $ 29,200 support level.
As you can see in the picture, the price in the technical pattern of RISING WEDGE is modifying itself.
If the price crosses the resistance level of $ 29800 with a valid candlestick, the bullish scenario will be activated and we will expect the following level:
TP1: 30200
TP2: 30500
TP3: 30800
Also, if the price crosses the support level of $ 29200 with a valid candlestick, the downtrend scenario will continue and we expect the following level from the price:
TP1: 28600
TP2: 27700
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.