Technical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Bitcoin price has been moving upwards, strongly respecting this uptrend line in the daily, with the 34 period EMA serving as support for the price. In my perception, the price has been moving sideways looking for the LTA touch, which in the near future will occur and, it will also be able to look for the Exponential Moving Average (EMA ~ in the context of TA, the price expands far from the average, but always tends to return at one time or another).
The bitcoin price could break through this resistance region ~what do you think!?~ (Red mark) and well, by projecting the trend Fibonacci, I can get levels that the price can reach.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Bitcoin price has been moving upwards, strongly respecting this uptrend line in the daily, with the 34 period EMA serving as support for the price. In my perception, the price has been moving sideways looking for the LTA touch, which in the near future will occur and, it will also be able to look for the Exponential Moving Average (EMA ~ in the context of TA, the price expands far from the average, but always tends to return at one time or another).
The bitcoin price could break through this resistance region ~what do you think!?~ (Red mark) and well, by projecting the trend Fibonacci, I can get levels that the price can reach.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
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