4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone
Bitcoin is once again testing a critical level that could shape its next major move. With price action returning to a previously contested support and resistance zone, attention is now shifting toward a defined set of upside targets that could come into play if the level continues to hold. Bitcoin’s S/R Zone Retest Signals Strength In Market Structure According to market technician Johnathan Carter, Bitcoin’s weekly chart is currently revisiting a key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic....
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Crypto analyst Trader Tardigrade has provided a bullish outlook for the Ethereum price, predicting it could soon witness a massive move to the upside. As part of his analysis, Trader Tardigrade also revealed how high ETH could reach as it enjoys this upward trend. Ethereum Set To Rally To $3,180 As ETH Retests Symmetrical Triangle […]
Another day and another wave of advance. Bitcoin price has broken through $680 and the market is currently with $700 which had caused deep correction a month ago. Technical analysis looks for up- and downside targets. At 12h00 UTC it became apparent that price was preparing to launch from its consolidation zone below $680 (Bitstamp) and push higher. The 1hr stochastics (top panel) were dropping to their minimum and the xbt.social buy signals were starting to form. A trade recommendation was issued and within an hour the move above $680 resistance happened. Price has now pushed into a....
Bitcoin Sub Targets $400. BTC/USD rebounded off its upper channel trendline and has resumed the downtrend. This outcome was discussed last week and with Bitcoin price action remaining inside the decline zone, the implication is a return to the $400 price level. I am going out on a limb here, writing this Bitcoin chart analysis during the Asian session before the European session shows it's hand. Whatever I commit to writing here will be confirmed or invalidated during the next few trading sessions. Takeaway. Decline is in force. Price has been rejected by the decline's upper channel....
Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price. Ethereum Price Close To Critical Demand Zone After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the....