Monday 18 July 2022

BTCUSD: Rebounding from key support zones! Next resistance zones: 22892/24936!

BTCUSD: Rebounding from key support zones! Next resistance zones: 22892/24936! So far so good. BTC rebounded from key cloud chart support zone of 17588 between a cluster of support zones: 16287/18351! Next key resistance zones are the cloud chart level of 22892 and the next level that could be tested is 24936 resistance zone the green turning line level of the cloud on the weekly cloud chart!
On the daily cloud chart BTC is on its way to fight the bottom end cloud chart resistance zone after rebounding from a key support zone at 17588! Now needs to break out past the 22892 and the next level of the front end of the cloud at 24982 to close back above the top end cloud chart level for a new bull rally to be confirmed. Price action above the cloud is bullish, price action below the cloud is bearish! Looking out for that key cloud chart breakout!

No comments:

Post a Comment