Will this KEY LEVEL of support hold?

Тема в разделе "English", создана пользователем Trading Ideas, 24 сен 2020.

  1. Trading Ideas

    Trading Ideas Участник

    Сообщения:
    192.819
    Симпатии:
    1
    5154030-OtQk_mid.png
    Will this KEY LEVEL of support hold?
    Bitcoin / U.S. dollar BITSTAMP:BTCUSD
    CryptoRush_
    Hzo71Yqg_mid.png
    The current situation:

    1. Price action has dipped below the 12HR 200MA at about 10.4K, which has been holding up the bearish price action for a lot of the past few weeks. Price is now at about 10.3K with the next levels of support being the 3D 50 and weekly 21MA at about 10.1K.

    If these 2 supports break, we are bracing for 9.5K. But we do still have more than half of the week left before the weekly candle closes for a confirmation.

    2. There is bearish divergence on the monthly RSI so do keep a close eye on if that plays out as it could prompt another dump.

    *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
    *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
     
Похожие темы
  1. Trading Ideas
    Ответов:
    0
    Просмотров:
    19
  2. Trading Ideas
    Ответов:
    0
    Просмотров:
    15
  3. Trading Ideas
    Ответов:
    0
    Просмотров:
    13
Загрузка...