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Technical CRYPTO Analysts
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BTC UPDATE So, let’s examine the chart, it is quite simple tho. There is a crucial support level — $92,000. It determines the further price action. So, there are two possible scenarios of further price actions: 1) Breakdown of the $92,000 support level. This one gives us an opportunity to go SHORT with the targets in the $78,000 - $82,000 area. Invalidation of setup - strong bounce back above support. 2) Strong bounce from the $92,000 support level with the further breakout of the $102,000 resistance (that will invalidate H&S pattern). The breakout of this resistance will give us a chance to LONG. For now the price is just moving in the horizontal range. Not the best time for trading, especially leveraged, as the market receives a lot of FUD from all sides.
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EGLD analysis: Price is now testing the support and needs to hold this level. You can open a long position at the support area. Support Area: $32.80-$33.50 Resistance Area: $40.50-$41.00 #BTCNextMove #MarketPullback #MarketCorrectionBuyOrHODL? $EGLD
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