ETHUSD Potential for Bullish Rise to Overlap Resistance

2023年2月24日

Looking at the H4 chart, my overall bias for BTCUSD is bullish. As there is an ascending trend line, expect the price may head back to retest the 1st support that intersects with the ascending trend line, before it goes up. Looking at a pullback buy entry at 1607.28 which is the overlap support, take profit at 1784.65 which is the overlap resistance, and stop loss at 1523.98 where the 38.2% Fibonacci Line.

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