Hello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC is holding above the ascending trendline support on 8h TF. RSI is in the oversold region and also holding above the trendline support.
The volume is low here and for the confirmation of bullish momentum back in the market, bulls need a solid breakout of the horizontal resistance, where MA100 and 50% retracement level are also acting as resistance.
A sustained breakdown of the ascending trendline support would confirm a downward move toward the horizontal support from where we could expect a bounce back in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC is holding above the ascending trendline support on 8h TF. RSI is in the oversold region and also holding above the trendline support.
The volume is low here and for the confirmation of bullish momentum back in the market, bulls need a solid breakout of the horizontal resistance, where MA100 and 50% retracement level are also acting as resistance.
A sustained breakdown of the ascending trendline support would confirm a downward move toward the horizontal support from where we could expect a bounce back in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
