BTC/USDT weekly analysis in 19th/Mar/2022
Hi, crypto traders.
Last week, once the candle went down, but after reaching 37,600USD, the candle bounced and started to go up.
The candle already broke 5MA, 20MA and 60MA to the upper side, and it looks the candle keeps above 5MA.
Now the sequential order is as follows.
100MA (black) > the candle > 5MA (red) = 20MA (blue) = 60MA (green).
Since MA lines are very close, it's difficult to predict the next move.
If the candle keeps above 5MA continuously, the trend will be uptrend and the price will try to over 45,800USD.
However, it's possible the candle breaks 5MA, 20MA and 60MA to the lower side again, therefore, we should watch the next move carefully.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 45,800USD (The highest price in 10th/Feb/2022)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (The highest price in 27th/Dec/2021)
◇BTC goes down:
– 1st target: 40,000-41,000USD (Cross-point with 5MA, 20MA and 60MA)
– 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, once the candle went down, but after reaching 37,600USD, the candle bounced and started to go up.
The candle already broke 5MA, 20MA and 60MA to the upper side, and it looks the candle keeps above 5MA.
Now the sequential order is as follows.
100MA (black) > the candle > 5MA (red) = 20MA (blue) = 60MA (green).
Since MA lines are very close, it's difficult to predict the next move.
If the candle keeps above 5MA continuously, the trend will be uptrend and the price will try to over 45,800USD.
However, it's possible the candle breaks 5MA, 20MA and 60MA to the lower side again, therefore, we should watch the next move carefully.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 45,800USD (The highest price in 10th/Feb/2022)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (The highest price in 27th/Dec/2021)
◇BTC goes down:
– 1st target: 40,000-41,000USD (Cross-point with 5MA, 20MA and 60MA)
– 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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