BTCUS - 1H Chart Analysis
After it has failed twice to stabilize above the 20 days Moving Average, it seems that the price has one more attempt, this time on a bigger trading volume.
The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend.
If this scenario gets caught up and if the price will stabilize between the 20 days MA and the upper standard deviation of the Bollinger Bands, the target prices are 6580$ and 6590$ in extension.
If not, it seems it's just a matter of time until it will reach again the Support Level of 6550$.
The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend.
If this scenario gets caught up and if the price will stabilize between the 20 days MA and the upper standard deviation of the Bollinger Bands, the target prices are 6580$ and 6590$ in extension.
If not, it seems it's just a matter of time until it will reach again the Support Level of 6550$.
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Penafian
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