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Bitcoin is currently showing a small rising wedge on lower time frames. This is typically a bearish pattern and often breaks in a downward direction. It's important to note that support on the downside is in the $69,000-$70,000 area. If the price remains above this level, we can expect the upward trend to continue. To protect your positions, it's recommended to set tight stop-loss limits.
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OG analysis: Price is now testing the major resistance area a break above this is bullish. Better to wait for a clear break and close above the resistance area for new entries. Support Area: $4.20-$4.40 Major Resistance Area: $5.90-$6.25
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WAXP has seen a rise in price after testing the support area. If you have opened long positions, we suggest that you increase your stop loss and hold. The long position has given more than an 18% profit since our entry. We are expecting the price to move towards the resistance area soon. Resistance Area: $0.106-$0.11
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WAXP has seen a rise in price after testing the support area. If you have opened long positions, we suggest that you increase your stop loss and hold. The long position has given more than an 18% profit since our entry. We are expecting the price to move towards the resistance area soon. Resistance Area: $0.106-$0.11
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KAVA analysis: The current price is in the process of testing a resistance area. It remains to be seen how the price will react in this area. If the price is rejected, it is likely to move towards the support area. It is advisable to wait for a clear breakout or a test of the support area before entering into new positions. Support Area: $0.75-$0.80 Resistance Area: $1.08-$1.16
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