PORTUSDT testing again gartley's support. TP1= 8.16 TP2:= 10.82
After a sharp turn the price tested the trend line as a resistance. I expect a retracement at 49000 level, but 45000-46000 area has the important levels for the bullish trend. We should look for a confirmation at these levels; .886 XA retracement, 2 BC projection and 1.618AB=CD
BTC seems strong today. there are some resistance and support levels on the chart.It is possible the price wiil make some retracements from the resitance levels marked on the chart. We can look for some oppurtunities at these support levels, if the price reaches at %38 and especially at the %62 retracements will be the strong support levels.
Below the 1.08-1.09 area should trigger the stop. %38 and %62 retracements are the resistance levels, we can consider to take some profit. I think it is possible to see 1.8, so we can target that price also.
137,20 - 135,50 area looks like a strong resistance level. We can see 2 harmonic patterns. I think 123,77 is a good support level, below this level 115,88 is the next support. Any close above this level will be an indicator for a bullish trend.
Any close above the 17.20-30 area will be an indicator that price can go more. Target prices are 14.60 and 13.0
The area 3460 level looks like potential revarsal zone. if price starts bearish move from these level targets will be 3312 and 3221.
2.24 bc projection, 0.886 xa retracement, 1.27AB=CD, 134.700-134.900 area looks like Potential Reversal Zone for a short opportunity. 0.382 AD and 0.618 AD retracements are Target1 and Target2.
abaout 1.117 area looks like a PRZ. 1.120 psychological resistance point. Target 1 - 0.382 retracement, Target 2 - 0.618 retracement, Target 3 - 0.886 retracement
120,760 stop - 116,5 target