BITCOIN - BTCUSDT - Trading at support level Key highlights: 💡⚡
📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level.
📈 since last few months script was in consolidation zone as highlighted in chart.
📈 script may give breakout of descending triangle in next few trading sessions.
📈 into that first target or we can say resistance can be around 25375 level and second target / resistance can be around 29717 level.
📈 with main support of around 18942 level and another support can be around 18263 level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Cryptocurrency
BTC/USD - Weekly OverviewAs the global economic conditions turned bearish during the past week, Bitcoin seemed to struggle between the price level of $18K to $19.K. However, the crucial support level of $18K remained intact. The current price level is hovering around $19K and might look to retest the resistance present at $20K
In a short timeframe, the price level needs to have a positive crossover above MA-50 which can help to regain bullish momentum. Looking at the technical indicators, the RSI level is looking to cross above 50 which might prevail in positive sentiment for the world’s largest cryptocurrency. MACD level is still struggling below the histogram but has started to form green bars
Overall, the price level has avoided significant price dumps by having strong sustainability above the crucial support level of $18K. If broken below, the next support level will be $17K. BTC might also test the psychological mark of $20K on the upside and if had a positive crossover, the next resistance level can be placed at $22K
BINANCE:WTCUSDTBINANCE:WTCUSDT
#WTCUSDT
REASON BINANCE: WTCUSDT
1)UPTREND
2) REVERSAL
UP
1) in an up trend
2) In CHANNEL Breakout
3) High WTCUSDT
Signal Type: LONG (RISK TRADE)
TRADE WITH YOUR OWN RISK
Trading Signal For MATICUSDT Polygoninverse Head and Shoulders pattern
Trading Setup:
A Trading Signal is seen in the MATICUSDT Polygon
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.7296
⭕️SL @ 0.686
🔵TP1 @ H&S Target 0.866
🔵TP2 @ 0.94
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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ETHUSD BEARISH FORECASTNEW ETH BEARISH IDEA
ETH has been down for over the past 1year since 11Nov 2021 with highest price of 4868.
The ETH price has been trading down and below falling resistance line up to date, and it is now trading within the range boundaries of 2027 and 1004.
Due to the hawkish expectations from FED and Dollar's strength, we expect price to drop more for about 30-35% of current price, that's 1000, which was last lowest traded price since June 2022.
We expect the ETH to break below support area of 1350 in couple days, after retest we'll hop in market again, Head and shoulder was formed and we expect the closure of candle below neckline also.
NEW BTC BEARISH FORECASTBTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date.
I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks.
Bearish descending triangle, descending resistance weekly and daily, testing major horizontal support since July, head and shoulders pattern, FED hawkish expectations 21st September.
What to do now?🤔
Wait for the candle closure below the neckline boundary, then our target will be 12k straight.
If you're still willing to buy BTC😄
Wait for the break above falling resistance, after retest then you go long for the target of 22653(previous shoulder), the shoulder is our current residence D1 and if the 22653 didn't hold lower your next target 25194 (unlikely).
$BTC Daily Update$BTC Broke $19,327 support dropping towards $18,746-$18,529 support area. Bearish engulfing on daily close with current daily candle looking to follow up. Friday's Bullish pin on 1D gave it a good push to test $20,338 but failed to break out of given moving range. 1W close with bearish engulfing, $17,592 support at risk! #Bitcoin
PNB ANALYSIS 19.09.2022BUY : 39 TO 25
TARGET : 140 TO 156
Reason For Selling This Script :
In this script the price is falling in down trend channel. Now the price is in side way moment once price close above 47 in monthly time frame and the target level given above.
Technical Analysis Used :
Monthly time frame analysis
Down trend channel analysis
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..