Fendou Youssef
9 Posts
Fendou Youssef
Open Trade
Occasional Trader
4 Years
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BASED Futures Trading Challenge
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The activity ends at:8 days
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Join the competition and share a prize pool of 2,500,000 BASED!
The activity ends at:8 days
Seize the opportunity
#BASED #BinanceLaunchPool🔥
The forecasts for the next 24 hours:
The positive scenario (likely):
If the price can hold above the level of 72,000, it is expected to attempt to test the resistance at 73,500. If it breaks through, we may see a surge towards 75,700 (the 99 moving average).
The negative scenario:
If the price fails to break through 73,434 and breaks the support level of 71,400, the market may return to test the area of 68,700 as a major support before any further upward attempt.
Support and resistance levels:
Nearby resistance: level 73,434 (highest price in the last 24 hours).
Nearby support: levels 71,426.
Current technical reading (based on the chart):
General trend: the price is currently in a "recovery" phase after a sharp drop that reached the bottom at levels of 60,000. The price is now trading around 72,923.
Moving averages:
The price is trading above the yellow and purple moving averages (short and medium term), indicating temporary positive momentum.
However, the price is still below the long purple average (MA99) located at 75,715. This line currently represents "major resistance."
#BTC
#USDT
#Binance $BTC
The positive scenario (likely):
If the price can hold above the level of 72,000, it is expected to attempt to test the resistance at 73,500. If it breaks through, we may see a surge towards 75,700 (the 99 moving average).
The negative scenario:
If the price fails to break through 73,434 and breaks the support level of 71,400, the market may return to test the area of 68,700 as a major support before any further upward attempt.
Support and resistance levels:
Nearby resistance: level 73,434 (highest price in the last 24 hours).
Nearby support: levels 71,426.
Current technical reading (based on the chart):
General trend: the price is currently in a "recovery" phase after a sharp drop that reached the bottom at levels of 60,000. The price is now trading around 72,923.
Moving averages:
The price is trading above the yellow and purple moving averages (short and medium term), indicating temporary positive momentum.
However, the price is still below the long purple average (MA99) located at 75,715. This line currently represents "major resistance."
#BTC
#USDT
#Binance $BTC
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A site to earn bnb through mining
A site to earn bnb through mining
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