The price perfectly fulfilled my last idea. It reached the target. 
BTCUSDT recently broke and closed below the March low. Furthermore, it broke below the psychological key level at 80,000 and the upward trendline. The weekly candle also closed bearish with a long tail, suggesting that the price may fall below the next support level at 70,000. On the daily timeframe, the price action is forming an ABC move which also suggests that the price may go below the 70,000 level. I think if the price remains below the 77,000-78,000 resistance zone, there is a chance of movement toward lower levels. I expect the price to retest the support level and channel border. My goal is support zone around 70,000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BTCUSDT recently broke and closed below the March low. Furthermore, it broke below the psychological key level at 80,000 and the upward trendline. The weekly candle also closed bearish with a long tail, suggesting that the price may fall below the next support level at 70,000. On the daily timeframe, the price action is forming an ABC move which also suggests that the price may go below the 70,000 level. I think if the price remains below the 77,000-78,000 resistance zone, there is a chance of movement toward lower levels. I expect the price to retest the support level and channel border. My goal is support zone around 70,000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
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.