As I said yesterday: we could drop a little bit, we came down to test the trendline around $7280 got a bounce from there and daily candle close was above strong support level, which was $7370. That shows us it was a healthy correction and we are ready to climb forward, but at the moment we still fight with heavy resistance $7500-$7550!
Price has tried to push through from there seven times and failed - at the moment there is 8th attempt to break through, let's see what happens! If we break this level then next resistance is not far ahead - down trendline since 5.th May is waiting for us around $7600-$7650.
Overall is nice to see that BTC shows us some positive moves and makes new HH (Higher highs) and HL (Higher lows)!
Have a nice day!
Price has tried to push through from there seven times and failed - at the moment there is 8th attempt to break through, let's see what happens! If we break this level then next resistance is not far ahead - down trendline since 5.th May is waiting for us around $7600-$7650.
Overall is nice to see that BTC shows us some positive moves and makes new HH (Higher highs) and HL (Higher lows)!
Have a nice day!
Note
8th attempt was successful to break through from the strong resistance ($7500) and we reached into the first target box. At the moment BTC made a small pullback and is retesting $7500 to start climbing to the next targets!
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.