BTC/USDT weekly analysis in 8th/May/2022
Hi, crypto traders.
Last week, once the candle went up and broke 5MA and 20MA to the upper side.
But after reaching 40,000USD, it started to go down and already broke 5MA and 20MA to the lower side again.
The sequential order is as follows.
60MA (green) = 100MA (black) > 20MA (blue) > 5MA (red) > the candle.
The trend is a strong downtrend now.
If the candle keeps under 5MA, this trend continues.
Conversely, if the price goes up, the first target will be the cross-point with 5MA.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 35,000-36,000USD (Cross-point with 5MA)
– 2nd target: 38,000-39,000USD (Cross-point with 20MA)
– 3rd target: 40,000-41,000USD (Cross-point with 60MA & 100MA)
◇BTC goes down:
– 1st target: 34,300USD (The lowest price in 24th/Feb/2022)
– 2nd target: 32,900USD (The lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
Last week, once the candle went up and broke 5MA and 20MA to the upper side.
But after reaching 40,000USD, it started to go down and already broke 5MA and 20MA to the lower side again.
The sequential order is as follows.
60MA (green) = 100MA (black) > 20MA (blue) > 5MA (red) > the candle.
The trend is a strong downtrend now.
If the candle keeps under 5MA, this trend continues.
Conversely, if the price goes up, the first target will be the cross-point with 5MA.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 35,000-36,000USD (Cross-point with 5MA)
– 2nd target: 38,000-39,000USD (Cross-point with 20MA)
– 3rd target: 40,000-41,000USD (Cross-point with 60MA & 100MA)
◇BTC goes down:
– 1st target: 34,300USD (The lowest price in 24th/Feb/2022)
– 2nd target: 32,900USD (The lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
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