BTC Bearish flag
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The price has returned to the Bear flag channel. It will most likely be reduced to a resistance level of $ 5645. If the price is fixed below this level, the decrease will continue to the support level $ 4940. The confirmation of this is the intersection of the Moving Averages.
Therefore, you can open a short position in sales zones.
Long position can be opened only when the price will be fixed above the support level of $ 6180.
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The price has returned to the Bear flag channel. It will most likely be reduced to a resistance level of $ 5645. If the price is fixed below this level, the decrease will continue to the support level $ 4940. The confirmation of this is the intersection of the Moving Averages.
Therefore, you can open a short position in sales zones.
Long position can be opened only when the price will be fixed above the support level of $ 6180.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.