Analityka techniczna

BTCUSD market technical outlook

Cryptocurrencies

Daily chart:

Bitcoin continues moderate growth in direction of the mid-term target of $5719 for a coin (upper Bollinger band). Correcting ADX interferes with more active trading so far.

H4-chart:

We note important local levels of support and resistance at middle (5149) and upper (5322) Bollinger bands. Given active ADX there is a probability of upward break.

H1-chart:

Intraday session goes on the back of ADX indicator correction, that is inherent to flat market. It’s unlikely, that price can leave the boundaries of Bollinger bands (5197-5274).


Expectations:

Flat in the 5197-5274 range.

Trading recommendations:

Trading in the 5197-5274 channel.

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