Type: Bullish BounceKey Levels:Resistance: 24208.23Pivot: 22483.11 Support: 20703.19Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce from the stochastic support, we have a bullish bias that price will rise from our pivot at 22483.11 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance at 24208.23 where the pullback resistance is.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 20703.19 where the swing low support and 100% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-potential-bullish-continuation4"
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.