Bitcoin was farmed bullish pattern inverse head and shoulders. Price action closed above EMA 21,50,100 periods build uptrend. Potential test resistance at 78XX price level and EMA 200. After consolidation bellow Resistance next target 8050 price level.
Volume: of buyers increased. Confirm bullish price action.
Indicators: RSI bullish divergence, RSI above 50 points, MACD bullish crossover above zero line. Bullish Sign.
Pattern: Inverse Head and Shoulders, Head ( 6515) Shoulders 6785 and 6847.
S/R: Major Support 6500, Support 6850, Resistance 7800, Major Resistance 8050.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Volume: of buyers increased. Confirm bullish price action.
Indicators: RSI bullish divergence, RSI above 50 points, MACD bullish crossover above zero line. Bullish Sign.
Pattern: Inverse Head and Shoulders, Head ( 6515) Shoulders 6785 and 6847.
S/R: Major Support 6500, Support 6850, Resistance 7800, Major Resistance 8050.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
