Daily review of BTC interval 1D
Hello everyone, I invite you to every Monday review of top cryptocurrencies.
Let's start by checking the situation on BTC in pair to USD, taking into account the one-day interval. As we can see, the BTC price has moved above the downtrend line and is currently moving above the local uptrend line.
Before we move on to determining the support for the price, it is worth looking at the fact that we have currently formed a lower peak than the previous one, while the RSI indicator has the opposite situation. On the chart, the first peak is higher than the second, and on the RSI, the first peak is lower than the second. The formed pattern often ends with a downward price breakout.
Now we can move on to marking places where the price has support. And here we see that we have the first support at $17,272, the second support at $16,920, and the third support at $16,576.
However, when it comes to the resistances that BTC has on its way of growth, we see that the price is currently fighting with the first resistance, the next resistance will appear at the price of $ 17,577, at the so-called golden point of Fib, then the resistance is at the price of $ 17,929 and $ 18,384.
Please pay attention to EMA Cross red 10 and green 30, as we see red crosses green from below which is a pro-growth signal, however, you should keep common sense and watch if it will not be a false step as in the previous situation.
On the CHOP index, we see that most of the energy has been used, while the MACD indicates an uptrend.
Let's start by checking the situation on BTC in pair to USD, taking into account the one-day interval. As we can see, the BTC price has moved above the downtrend line and is currently moving above the local uptrend line.
Before we move on to determining the support for the price, it is worth looking at the fact that we have currently formed a lower peak than the previous one, while the RSI indicator has the opposite situation. On the chart, the first peak is higher than the second, and on the RSI, the first peak is lower than the second. The formed pattern often ends with a downward price breakout.
Now we can move on to marking places where the price has support. And here we see that we have the first support at $17,272, the second support at $16,920, and the third support at $16,576.
However, when it comes to the resistances that BTC has on its way of growth, we see that the price is currently fighting with the first resistance, the next resistance will appear at the price of $ 17,577, at the so-called golden point of Fib, then the resistance is at the price of $ 17,929 and $ 18,384.
Please pay attention to EMA Cross red 10 and green 30, as we see red crosses green from below which is a pro-growth signal, however, you should keep common sense and watch if it will not be a false step as in the previous situation.
On the CHOP index, we see that most of the energy has been used, while the MACD indicates an uptrend.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.