Hi, crypto traders.
Last week, the price kept under 5MA and continued to go down.
After reaching 34,300USD, the price suddenly bounced and started to go up.
It already broke 5MA to the upper side, but it seems the candle breaks 5MA to the lower side again.
Now the sequential order is as follows.
100MA (black) > 60MA (green) = 20MA (blue) > the candle > 5MA (red).
If the candle breaks 5MA to the lower side again, the trend will be a strong downtrend again.
Conversely, if the candle breaks 20MA and 60MA to the upper side, it will try 45,800USD.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 40,000-41,000USD (Cross-point with 20MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 50,000USD (A nice round number)
◇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, the price kept under 5MA and continued to go down.
After reaching 34,300USD, the price suddenly bounced and started to go up.
It already broke 5MA to the upper side, but it seems the candle breaks 5MA to the lower side again.
Now the sequential order is as follows.
100MA (black) > 60MA (green) = 20MA (blue) > the candle > 5MA (red).
If the candle breaks 5MA to the lower side again, the trend will be a strong downtrend again.
Conversely, if the candle breaks 20MA and 60MA to the upper side, it will try 45,800USD.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 40,000-41,000USD (Cross-point with 20MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 50,000USD (A nice round number)
◇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.
