Trading idea number C-010 | Bitcoin may rise to to 29,500 USD area.
The RSI is below 50, in the oversold area with positive divergence and in golden cross formation. MACD is above its signal line. Price is trading just below the 20 moving average near the pivot point. The area at $25,250 seems to be holding up well since Aug. 17, we may duqnue to see a rebound for a new upside attack toward $30,000.
📈 Long Entry at 25,750
💰 Take Profit at 29,500
💸 Stop Loss at 24,150
The RSI is below 50, in the oversold area with positive divergence and in golden cross formation. MACD is above its signal line. Price is trading just below the 20 moving average near the pivot point. The area at $25,250 seems to be holding up well since Aug. 17, we may duqnue to see a rebound for a new upside attack toward $30,000.
📈 Long Entry at 25,750
💰 Take Profit at 29,500
💸 Stop Loss at 24,150
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