Technical analytics

BTCUSD market technical outlook

Cryptocurrencies

Daily chart:

Lower Bollinger band wasn’t attacked and broken, therefore we still can expect new mid-term upward wave directed to middle band (10043) first and then to upper Bollinger band (11092).

H4-chart:

We note local growth of ADX indicator dynamics, that on the back of break of upper Bollinger band shows trend potential of the market. Thus we can expect testing of 10043 level and then heading to resistance 10445. 

H1-chart:

On hourly chart the trading also is trending up. ADX is in a trending zone, therefore there is a high probability of break of upper Bollinger band and further growth. The target for today will be 10000-10043 area. The coin probably will go higher only tomorrow. 

Expectations:

Growth towards 10000-10043.

Trading recommendations:

Longs towards 10000-10043.

 

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