BTCUSD
New forecast
The price of BTCUSD rose up during last week and reached to our first target near to resistance zone 28345 - 28900 and now offers side trades below the resistance
Now as we see in the chart the price trading in the bullish channel for a long so we expect the price will be continue at the bullish trend but to confirm the bullish trend should stable above the resistance zone to open the way from our target .
Therefore ,the upward trend scenario will be remain valid and effective once stabilized above resistance zone and our target will be 31044 and 33022 ,Taking into account that failed to stabilized above the resistance zone will force the price to start correction and visit the previous broken areas ,so the main condition to be continue at the bullish trend is stabilized above resistance and other wise the price will retest .
wait for breach the resistance and when we see the price action then we will buy it
The expect range trading for this week it will be between 33022 and 24828.
support line : 25819 , 24828
resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price of BTCUSD rose up during last week and reached to our first target near to resistance zone 28345 - 28900 and now offers side trades below the resistance
Now as we see in the chart the price trading in the bullish channel for a long so we expect the price will be continue at the bullish trend but to confirm the bullish trend should stable above the resistance zone to open the way from our target .
Therefore ,the upward trend scenario will be remain valid and effective once stabilized above resistance zone and our target will be 31044 and 33022 ,Taking into account that failed to stabilized above the resistance zone will force the price to start correction and visit the previous broken areas ,so the main condition to be continue at the bullish trend is stabilized above resistance and other wise the price will retest .
wait for breach the resistance and when we see the price action then we will buy it
The expect range trading for this week it will be between 33022 and 24828.
support line : 25819 , 24828
resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
