BTCUSD confirms support at 53, resistance at 58
Complete conjecture. Not financial advise.
I highlighted an area at January 2021 where we had a pullback and then a very strong push up into March. At that time, we hit ~58 and pulled back to ~44.
The difference here is that we crossed over the 50 Day EMA recently where we did not in January. However the same areas of resistance exist and in a time that the larger market has some concerns. This poses both opportunity and risk. A rejection at 58 and a bounce at 48 or along the trendline at that moment is more likely. Though we have shown previously that a breakdown can result in a multi-touch repair.
I highlighted an area at January 2021 where we had a pullback and then a very strong push up into March. At that time, we hit ~58 and pulled back to ~44.
The difference here is that we crossed over the 50 Day EMA recently where we did not in January. However the same areas of resistance exist and in a time that the larger market has some concerns. This poses both opportunity and risk. A rejection at 58 and a bounce at 48 or along the trendline at that moment is more likely. Though we have shown previously that a breakdown can result in a multi-touch repair.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.