BTC/USDT weekly analysis in 17th/Apr/2022
Hi, crypto traders.
Last week, the candle went down and broke 60MA to the lower side.
After reaching 39,200USD, it bounced a little bit and keeps 40,000USD level.
The sequential order is as follows.
20MA (blue) > 60MA (green) = 100MA (black) > 5MA (red) = the candle.
Because MA lines are very close, it's difficult to predict the next move.
But since the lowest points of 5MA are going up, I think the price will go up.
Conversely, if the price goes down, the first target will be 39,200USD.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 42,000-43,000USD (Cross-point with 20MA & 60MA & 100MA)
– 2nd target: 48,200USD (The highest price in 28th/Mar/2022)
– 3rd target: 50,000USD (A nice round number)
◇BTC goes down:
– 1st target: 39,200USD (The lowest price in 11th/Apr/2022)
– 2nd target: 37,000USD (The lowest price in 27th/Feb/2022)
– 3rd target: 34,300USD (The lowest price in 24th/Feb/2022)
Enjoy your trading.
Last week, the candle went down and broke 60MA to the lower side.
After reaching 39,200USD, it bounced a little bit and keeps 40,000USD level.
The sequential order is as follows.
20MA (blue) > 60MA (green) = 100MA (black) > 5MA (red) = the candle.
Because MA lines are very close, it's difficult to predict the next move.
But since the lowest points of 5MA are going up, I think the price will go up.
Conversely, if the price goes down, the first target will be 39,200USD.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 42,000-43,000USD (Cross-point with 20MA & 60MA & 100MA)
– 2nd target: 48,200USD (The highest price in 28th/Mar/2022)
– 3rd target: 50,000USD (A nice round number)
◇BTC goes down:
– 1st target: 39,200USD (The lowest price in 11th/Apr/2022)
– 2nd target: 37,000USD (The lowest price in 27th/Feb/2022)
– 3rd target: 34,300USD (The lowest price in 24th/Feb/2022)
Enjoy your trading.
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