#BTCDAILY 30.01.22
Continued Consolidation
Sunday's generally not the ideal time to look short term given the low volume often equating to higher volatility, but.... On the one hour despite price finding support above the 200EMA we do seem to be forming a bearish pennant with a future pivot sitting at $36.6 providing a reasonable target for a breakdown.
Longer term If support holds (or can bargained) I do feel some bullish momentum could build, Stochastic
oversold on the weekly and continued falling exchange reserves could maintain an uptrend and attempt to break over $40k.
Continued Consolidation
Sunday's generally not the ideal time to look short term given the low volume often equating to higher volatility, but.... On the one hour despite price finding support above the 200EMA we do seem to be forming a bearish pennant with a future pivot sitting at $36.6 providing a reasonable target for a breakdown.
Longer term If support holds (or can bargained) I do feel some bullish momentum could build, Stochastic
oversold on the weekly and continued falling exchange reserves could maintain an uptrend and attempt to break over $40k.
