Possible scenarios
BTCUSD chart is currently controversial.
There are both bullish and bearish signs.
Let's take them one by one and analyze them.
I hope this will help you to make a decision.
On the bearish side, we have a "Head and Shoulders" pattern (fu@&ed-up).
Low-volume green candles.
On the other side, we have a rising RSI with plenty of room for growth.
Price is sitting at resistance, with no rejection, and MACD is showing growing momentum.
At this point, I think the wisest move is to wait until we reach the trend line (dashed line) and see if there is a rejection or not.
If there is no rejection, a breakout is possible.
Support: 19209, 17440
Resistance: 20121, 20785, 22112
There are both bullish and bearish signs.
Let's take them one by one and analyze them.
I hope this will help you to make a decision.
On the bearish side, we have a "Head and Shoulders" pattern (fu@&ed-up).
Low-volume green candles.
On the other side, we have a rising RSI with plenty of room for growth.
Price is sitting at resistance, with no rejection, and MACD is showing growing momentum.
At this point, I think the wisest move is to wait until we reach the trend line (dashed line) and see if there is a rejection or not.
If there is no rejection, a breakout is possible.
Support: 19209, 17440
Resistance: 20121, 20785, 22112
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