BTC/USD in Range. What will be next move?
Hello traders and community, today we will tell ourselves shortly about the situation of BTC/USDT
Trend analysis
- As you can see from the BTC/USDT daily chart, the current price is near $36 000 and we are between two zones (support - green, resistance - red), which tells us about range movement. That's why there is not enough good opportunities to trade right now. I recommend to wait for confirmation before put our positions.
Trade positions
- If price will break resistance zone: buy position - 43000, take profit - 52700, stop loss - 40000
- If price will break support zone: buy position - 30900, take profit - 21800, stop loss - 34300
Chart pattern
- Range Pattern (processing)
Technical indicators
- RSI: Neutral signal
- MACD: Bearish signal
- BB: Neutral signal
- MA (10,20): Neutral signal
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the BTC/USDT daily chart, the current price is near $36 000 and we are between two zones (support - green, resistance - red), which tells us about range movement. That's why there is not enough good opportunities to trade right now. I recommend to wait for confirmation before put our positions.
Trade positions
- If price will break resistance zone: buy position - 43000, take profit - 52700, stop loss - 40000
- If price will break support zone: buy position - 30900, take profit - 21800, stop loss - 34300
Chart pattern
- Range Pattern (processing)
Technical indicators
- RSI: Neutral signal
- MACD: Bearish signal
- BB: Neutral signal
- MA (10,20): Neutral signal
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
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