BTCUSDT daily analysis (26 Feb 2020)
Have kept this chart for last 5-10 days
Wait to see next trend to $9500 or down to $8600
BTCUSDT started breaking its previous bottom at 9340 to go lower.
Now it is $9100 $9140
Follow this chart for last 5-10 days (Sold $9750, $9550) - Can lock profit here now $9150
This is not a good sign for an uptrend.
Chart shows 3 lower highs and 2 lower lows.
This is a pattern of three failing peaks - downtrend that is forming (H4).
The price zone around 9000 - 9100 is a vital area with the uptrend of BTCUSDT in the short term.
If breaks $9100 - $9000, prices can go down to $8650
$9000 - $9100 is a strong support now.
If it is unable to bounce back and be penetrated, the short-term downtrend of BTCUSDT will be clear.
Today we pay attention to the key blocking around 9100 - 9000
Good Luck and Success !
Have kept this chart for last 5-10 days
Wait to see next trend to $9500 or down to $8600
BTCUSDT started breaking its previous bottom at 9340 to go lower.
Now it is $9100 $9140
Follow this chart for last 5-10 days (Sold $9750, $9550) - Can lock profit here now $9150
This is not a good sign for an uptrend.
Chart shows 3 lower highs and 2 lower lows.
This is a pattern of three failing peaks - downtrend that is forming (H4).
The price zone around 9000 - 9100 is a vital area with the uptrend of BTCUSDT in the short term.
If breaks $9100 - $9000, prices can go down to $8650
$9000 - $9100 is a strong support now.
If it is unable to bounce back and be penetrated, the short-term downtrend of BTCUSDT will be clear.
Today we pay attention to the key blocking around 9100 - 9000
Good Luck and Success !