MidTerm
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#sushi #midterm #defi #review
Hi guys
sushi remained on top after rising, and at the moment the price is consolidating. We are also still above the moving averages. At the moment, it is worth watching for a breakdown of the downward trend; in this case, the upper limit of the range of 1.5 will most likely be tested. A breakout of the upper border may open the way to 2 and 2.5. Key support is at $0.9-$1, below which the price should not consolidate, and the next support zone is $0.75.
Stay tuned.
Hi guys
sushi remained on top after rising, and at the moment the price is consolidating. We are also still above the moving averages. At the moment, it is worth watching for a breakdown of the downward trend; in this case, the upper limit of the range of 1.5 will most likely be tested. A breakout of the upper border may open the way to 2 and 2.5. Key support is at $0.9-$1, below which the price should not consolidate, and the next support zone is $0.75.
Stay tuned.
Hi all,
Yesterday in the Asian session, the price corrected by 8 percent, reaching $40,260, but the price quickly returned to the support of 42 thousand, the zone which we identified as key support below which the price should not consolidate.
In general, a correction for Bitcoin of 8-10% is a normal situation, and there is nothing extraordinary about it.
This week, I expect that the price will continue to move sideways, possibly with another test of 40 thousand, and thus we will have wider sideways boundaries in the range with a lower limit of 40 thousand where a strong option level is located and an upper limit of 44500 where local high prices.
A breakout of 40 thousand and price consolidation below will cancel this scenario.
This week a large amount of macro data will be released that may affect market volatility.
All attention on the market will be on inflation data on December 12 and the US Federal Reserve rate decision on December 13.
Market expectations are that the key rate will remain unchanged at 5.5 percent.
On Friday, December 15, PMI in the services sector.
Expiration of quarterly derivatives will also take place on December 15.
Good luck and profit to everyone. #btc #midterm
Yesterday in the Asian session, the price corrected by 8 percent, reaching $40,260, but the price quickly returned to the support of 42 thousand, the zone which we identified as key support below which the price should not consolidate.
In general, a correction for Bitcoin of 8-10% is a normal situation, and there is nothing extraordinary about it.
This week, I expect that the price will continue to move sideways, possibly with another test of 40 thousand, and thus we will have wider sideways boundaries in the range with a lower limit of 40 thousand where a strong option level is located and an upper limit of 44500 where local high prices.
A breakout of 40 thousand and price consolidation below will cancel this scenario.
This week a large amount of macro data will be released that may affect market volatility.
All attention on the market will be on inflation data on December 12 and the US Federal Reserve rate decision on December 13.
Market expectations are that the key rate will remain unchanged at 5.5 percent.
On Friday, December 15, PMI in the services sector.
Expiration of quarterly derivatives will also take place on December 15.
Good luck and profit to everyone. #btc #midterm