Credit: Original article published by Coingape.

BTCUSD Price Analysis

BTCUSD price has found support at the 200-EMA which is a good sign and also it provided a bullish EMA crossover in the past which is holding the trending up.

BTCUSD Price Analysis: 1 D Chart

BTCUSD Price Analysis

For now, BTCUSD is forming this huge parallel channel where it has the possibility to form a bullish flag when the flag confirms to the upside.

The volume is decreasing which means it can increase in volume and volatility soon. After the trend has confirmed we will see how bullish BTCUSD really is. The RSI is sending moderate signs where it is consolidating in the middle line this can
mean it will visit the oversold or overbought region when the price is trending.

The MACD shows some mixed signs where it confirmed a bearish crossover but this was not really valid because the MACD is slinging in one and another.

  • TREND: Sideways, support found
  • FORMATION: Possible Bull-Flag
  • EXPECTATION: Breakout
  • PREV: 9009.30
  • OPEN: 9008.33
  • VOLUME: 3.073K
  • DAY’S RANGE: 8933.06 — 9191.72

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.



No responses yet

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Visit Our Other Websites - Premium Domain Names. - Ultra-Priviate DEX. - Classic Automobile News.