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#BTC - Trade Setup: #BTC/Update: Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we're seeing some profit taking by traders. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term. Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance: Nearest Support Zone is $38K (previous resistance), the $35K. The nearest Resistance Zone is $42K, then $45K.

#BTC - Trade Setup: #BTC/Update:

Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we're seeing some profit taking by traders. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).

Support and Resistance: Nearest Support Zone is $38K (previous resistance), the $35K. The nearest Resistance Zone is $42K, then $45K.

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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