BTCUSDT looks poised for a corrective move.
Expecting a second test of MA100 since the rally from $73k.
A pullback to the rising channel support is likely next.
If the channel breaks, we could see a decline to the green channel, and ultimately a first-time test of the MA200 in this wave.
This scenario could trigger a declining BTC.D, potentially fueling an ETH rise towards the $3200 annual pivot.
Key Levels: MA100, Rising Channel, Green Channel, MA200.
Disclaimer: Trading involves risk. This is not financial advice. DYOR.
Expecting a second test of MA100 since the rally from $73k.
A pullback to the rising channel support is likely next.
If the channel breaks, we could see a decline to the green channel, and ultimately a first-time test of the MA200 in this wave.
This scenario could trigger a declining BTC.D, potentially fueling an ETH rise towards the $3200 annual pivot.
Key Levels: MA100, Rising Channel, Green Channel, MA200.
Disclaimer: Trading involves risk. This is not financial advice. DYOR.
Trade active
so far so goodTrade closed: target reached
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Disclaimer
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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.