BTCUSD: Preparing for 5th Bull Wave, Target $66,400?
On the 1-hour chart of BTCUSD, we can see the formation of an Elliott wave pattern, with wave structure (1), (2), (3), (4) formed and now the prediction of wave (5).
The EMA 34 (blue) and EMA 89 (purple) are currently below the price and are pointing up, indicating that the uptrend is still quite strong. These lines act as important dynamic supports for the BTCUSD price in the short term.
Key Resistance: The resistance zone of $64,743 will be an important test for the uptrend. If the price breaks this level, it is likely to reach the $66,400 area.
Support: The current short-term support zone is located at $63,994, which is a level that the price could retest before continuing the upward momentum. If this support level fails to hold, the correction could extend to lower levels around $62,764.
For the buy strategy: Traders can look for buying opportunities around the support zone of $63,994 if there is a bullish signal from here, placing a stop loss below $63,500. Target profit is at $66,400. For the sell strategy: If the price fails to hold the support zone, a sell order can be entered with the target of returning to the $62,764 zone, with a stop loss above $64,000.
The EMA 34 (blue) and EMA 89 (purple) are currently below the price and are pointing up, indicating that the uptrend is still quite strong. These lines act as important dynamic supports for the BTCUSD price in the short term.
Key Resistance: The resistance zone of $64,743 will be an important test for the uptrend. If the price breaks this level, it is likely to reach the $66,400 area.
Support: The current short-term support zone is located at $63,994, which is a level that the price could retest before continuing the upward momentum. If this support level fails to hold, the correction could extend to lower levels around $62,764.
For the buy strategy: Traders can look for buying opportunities around the support zone of $63,994 if there is a bullish signal from here, placing a stop loss below $63,500. Target profit is at $66,400. For the sell strategy: If the price fails to hold the support zone, a sell order can be entered with the target of returning to the $62,764 zone, with a stop loss above $64,000.
-Join the free signal group now – Get the chance to make money every day!
-Get accurate signals with a win rate of up to 80% – Completely free!
✅Click the link below:
t.me/+0v06HRo9rEQzNDM1
-Get accurate signals with a win rate of up to 80% – Completely free!
✅Click the link below:
t.me/+0v06HRo9rEQzNDM1
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.