Hellos community members welcome to this BTC/USDT daily chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see ash the above-mentioned chart that BTC/USDT still trading inside the descending channel pattern.
Here, we can see BTC traded for almost 3 days and bouncing right from the lower trend line support where FIB LEVEL is also showing the 0.618 level which is also a good buying zone for bull traders.
RSI also prints a bullish divergence pattern and bounces on a trend line support.
On the basis of my TA, Here I’m expecting more green candles towards the $38k level in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see ash the above-mentioned chart that BTC/USDT still trading inside the descending channel pattern.
Here, we can see BTC traded for almost 3 days and bouncing right from the lower trend line support where FIB LEVEL is also showing the 0.618 level which is also a good buying zone for bull traders.
RSI also prints a bullish divergence pattern and bounces on a trend line support.
On the basis of my TA, Here I’m expecting more green candles towards the $38k level in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
