📈#Analysis
🔖#BTCUSDT
📆 MAY 15
👈 In the 4-hour frame, we see a very good reaction to the bottom of the channel, and the second condition is daily stabilization above 27200, which closes daily above 27200. With this stabilization, we see the price growth to 29000 at the beginning, which is the first target of this trend.
Ethereum bounced from 1480 support and managed to grow back above the trendline and 1600 SR. While stay above keep chances to grow. Expect it to test 1680-1700 resistance within today.
Pulled back to 119 support and now getting ready to make another bullish impulse (look at volume on bearish candles - its very low).
Hodl targets 180 / 200 / 230 / 290
BTC closed day candle above 38k (at 38849). Therefore chances to grow higher stay valid. Nearest target is around 40200. After that there will be HH at 40992 with a chance for breakout to re-test 42k.
If fail to grow above last HH then nearest support zones to catch the dips are at 37k / 36k / 34800.
BTC broke out 38833 In case it will grow above another LH at 40189 we may expect it to pump to 41000/41500 / 42000. These are safe targets. Bullish scenario would be growing above ATH - in this case scale of pump is hard to predict but I assume it may be targeting 45-50k. These are bullish scenarios. At the same time we may easily expect BTC to pull back to 38k...
Pullback stopped at 0.786 Fib level (36573). But low volume leaves a chance for second leg down.
If BTC breakout 38833 will grow to ~39980 / 41000 and maybe re-test of ATH. If drop below 36233 will continue towards yesterday pullback targets: ~35870 for bullish bounce or lower zone 34400-34800
