BTCUSDT $25150 Weekly Update & ALGO & SAND August 14 2022 W#33
BTCUSDT $25150 Weekly Update & ALGOUSDT SANDUSDT August 14 2022 W#33
BTCUSDT ($25150) bulls are now moving towards the D100ema at 26k after temporarily breaking the 3D21ema at 24000
Indicators (MACD/RSI) from 12h up to 3D are pointing up. This indicates that bulls are controlling the short-medium term trend even though it took over 3weeks to break the 3D21
The D RSI trendline is holding its support level as now. If the RSI breaks that trendline, that could be one of the indication of the short term reversal
Additionally, The 2D/3D macd are have note yet crossed negative
So 2 things to keep an eye on in the next few weeks are:
*1)The D RSI to break the trendline line
2)The 2D/3D macd to cross negative*
ETHUSDT resistance is still the 19550-2150.
This level coincides with the W21ema, W25MA & the 0.5fib retracement.
The downside target support remains ~1350-1250 range
Put Sl ~13-15% above avg
*ALGOUSDT($0.37)*
Now above the 3D 21ema with a 3D bull divergence
Resistances
0.41-0.43 (D10ema)
0.48-0.51 (350D)
Bulls have also a trendline Support at
0.33-0.31
*SANDUSDT($1.37)*
Now above the 3D 21ema and bears fail to show a strong rejection.
With the BTCUSDT bulls pushing towards the D100ema, Sandusdt bulls could look to push toward its 3D50
Resistance
1.72-1.75 3D50
2.00-2.10 3D100
Bulls also have support at
1.15-1.133
BTCUSDT ($25150) bulls are now moving towards the D100ema at 26k after temporarily breaking the 3D21ema at 24000
Indicators (MACD/RSI) from 12h up to 3D are pointing up. This indicates that bulls are controlling the short-medium term trend even though it took over 3weeks to break the 3D21
The D RSI trendline is holding its support level as now. If the RSI breaks that trendline, that could be one of the indication of the short term reversal
Additionally, The 2D/3D macd are have note yet crossed negative
So 2 things to keep an eye on in the next few weeks are:
*1)The D RSI to break the trendline line
2)The 2D/3D macd to cross negative*
ETHUSDT resistance is still the 19550-2150.
This level coincides with the W21ema, W25MA & the 0.5fib retracement.
The downside target support remains ~1350-1250 range
Put Sl ~13-15% above avg
*ALGOUSDT($0.37)*
Now above the 3D 21ema with a 3D bull divergence
Resistances
0.41-0.43 (D10ema)
0.48-0.51 (350D)
Bulls have also a trendline Support at
0.33-0.31
*SANDUSDT($1.37)*
Now above the 3D 21ema and bears fail to show a strong rejection.
With the BTCUSDT bulls pushing towards the D100ema, Sandusdt bulls could look to push toward its 3D50
Resistance
1.72-1.75 3D50
2.00-2.10 3D100
Bulls also have support at
1.15-1.133
