Trade setup: Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.