Type: Bullish BounceKey Levels:Resistance: 51913.04Pivot: 49304.35Support: 48017.39Preferred Case:Price broke out of the descending trendline resistance signifying a bullish momentum. Price should push further up if it closes above the pivot level in line with 61.8% Fibonacci projection and push towards 1st Resistance in line with 100% Fibonacci projection and 127.2% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku Cloud where the price is holding above it.Alternative Scenario:Alternatively, price could drop down from the pivot level to 1st Support in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-bullish-momentum28"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.