BTC Retest or Breakout?
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34599.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 36949.10
TP2= @ 38118.06
TP3= @ 39359.81
TP4= @ 41020.72
TP5= @ 43588.34
SL= Break below S2
". There is a possibility of temporary retracement to the suggested support line (34599.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 36949.10
TP2= @ 38118.06
TP3= @ 39359.81
TP4= @ 41020.72
TP5= @ 43588.34
SL= Break below S2
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