Hello everyone, let's look at the 1H BTC to USDT chart, as we can see the price is moving in an upward trend channel, defined by white lines.
Let's start by setting goals for the near future that we can include:
T1 = $67,339
T2 = $68,015
T3 = $68,493
AND
T4 = $69,168
Now let's move on to the stop loss in case of further market declines:
SL1 = $66,722
SL2 = $66,186
SL3 = $65,836
SL4 = $65,370
AND
SL4 = $65,370
Looking at the RSI indicator, we can see a movement towards the middle of the range, which still leaves room for a price increase, and when we look at the STOCH indicator, we can also see room for an upward movement.
Let's start by setting goals for the near future that we can include:
T1 = $67,339
T2 = $68,015
T3 = $68,493
AND
T4 = $69,168
Now let's move on to the stop loss in case of further market declines:
SL1 = $66,722
SL2 = $66,186
SL3 = $65,836
SL4 = $65,370
AND
SL4 = $65,370
Looking at the RSI indicator, we can see a movement towards the middle of the range, which still leaves room for a price increase, and when we look at the STOCH indicator, we can also see room for an upward movement.