BTC/USD 45-Minute Chart Analysis and Signal
The chart displays a descending channel breakout with indications of a bullish recovery for BTC/USD. Here’s the detailed analysis:
Analysis
Descending Channel:
The price was moving within a descending channel, indicating a bearish trend.
A breakout above the channel signals a potential reversal into a bullish trend.
Key Fibonacci Level:
The 0.775 Fibonacci retracement level aligns with the recent support zone, confirming strong buying interest.
Demand Zone:
The highlighted demand zone is located around 90,478 - 92,297, providing a base for a potential upward move.
Key Levels:
Support Levels:
92,297 (Immediate Support)
90,102 (Stop Loss Zone)
Resistance Levels:
94,163 (First Target)
98,559 (Major Resistance)
The chart displays a descending channel breakout with indications of a bullish recovery for BTC/USD. Here’s the detailed analysis:
Analysis
Descending Channel:
The price was moving within a descending channel, indicating a bearish trend.
A breakout above the channel signals a potential reversal into a bullish trend.
Key Fibonacci Level:
The 0.775 Fibonacci retracement level aligns with the recent support zone, confirming strong buying interest.
Demand Zone:
The highlighted demand zone is located around 90,478 - 92,297, providing a base for a potential upward move.
Key Levels:
Support Levels:
92,297 (Immediate Support)
90,102 (Stop Loss Zone)
Resistance Levels:
94,163 (First Target)
98,559 (Major Resistance)
Trade active
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📢 JOIN OUR FREE TELEGRAM CHANNEL!
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t.me/+snwza6o0xuQ4Y2Jk
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🔗 Main Channel:
t.me/+snwza6o0xuQ4Y2Jk
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.