FaisalMC
148 Posts
FaisalMC
Mr. Trader, technical analyst.
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Frequent Trader
4.1 Years
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( المتابعين الكرام الذين تابعناهم رد المتابعة حتى نصل جميعا ).
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( المتابعين الكرام الذين تابعناهم رد المتابعة حتى نصل جميعا ).
$BTC
$ETH
#الجميع
#FollowMe
#BinanceSquare
#CryptoCommunity
👍
1. Current Situation and Real-Time Price Action:
The price is currently trading at $77,468.6 after successfully executing a strong bounce.
The current bounce is a natural corrective rise following the oversold candlestick and heavy volume absorption we witnessed yesterday.
2. Risk of the Current Area (Where is the price now?):
Testing the downtrend: The price is currently hitting the mark with the downtrend line (the red sloping trend).
Resistance of the moving average: The price is sitting directly below the EMA/SMA line (the green line on the chart) which is approaching the dynamic resistance level of $78,052.2.
3. Upcoming Forecast (Where is it headed?):
The market is undergoing a critical testing phase, and there are two scenarios:
The first scenario (downtrend and volatility - the most likely volume-wise): The price fails to break through the current red sloping trend, causing it to pull back again to test support areas below, confined between $76,500 and $76,100 to build an accumulation base.
The second scenario (complete positivity): A genuine breakout and hold above the red trend and above levels of $78,100 with high buying volume, here the market will declare the end of the correction and head directly towards levels of $80,000. #GoogleLaunchesGemini3.5Flash #Trump'sIranAttackDelayed $BTC
The price is currently trading at $77,468.6 after successfully executing a strong bounce.
The current bounce is a natural corrective rise following the oversold candlestick and heavy volume absorption we witnessed yesterday.
2. Risk of the Current Area (Where is the price now?):
Testing the downtrend: The price is currently hitting the mark with the downtrend line (the red sloping trend).
Resistance of the moving average: The price is sitting directly below the EMA/SMA line (the green line on the chart) which is approaching the dynamic resistance level of $78,052.2.
3. Upcoming Forecast (Where is it headed?):
The market is undergoing a critical testing phase, and there are two scenarios:
The first scenario (downtrend and volatility - the most likely volume-wise): The price fails to break through the current red sloping trend, causing it to pull back again to test support areas below, confined between $76,500 and $76,100 to build an accumulation base.
The second scenario (complete positivity): A genuine breakout and hold above the red trend and above levels of $78,100 with high buying volume, here the market will declare the end of the correction and head directly towards levels of $80,000. #GoogleLaunchesGemini3.5Flash #Trump'sIranAttackDelayed $BTC
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