BTC showing some weakness at resistance line of narrowing wedge. there is alwasy possibilty to breaout to higher areas but it seams that it is losing its momentum.
as we can see macd lines at 4 hours break from positive to negative and also there is also divergence with price and macd oscilator it means that price seems that it is making higher highs but actually it is losing its momentum .
Due to this datas , price can go down and make a little correction , its first target will be 21Daily MA which is 23500usdt , and if it cant find supply and support at that area it will go down to 22500usdt which is 35daily MA.
Disclaimer: this idea is just for educational purposes , it is not an investment suggestion. Please give your our decisions according to your own risk analyse.
as we can see macd lines at 4 hours break from positive to negative and also there is also divergence with price and macd oscilator it means that price seems that it is making higher highs but actually it is losing its momentum .
Due to this datas , price can go down and make a little correction , its first target will be 21Daily MA which is 23500usdt , and if it cant find supply and support at that area it will go down to 22500usdt which is 35daily MA.
Disclaimer: this idea is just for educational purposes , it is not an investment suggestion. Please give your our decisions according to your own risk analyse.