Coin Name : #BTC
Signal Type : Long
As we can see the price of $BTC coin chart is consolidating between support and resistance. the market is in a tight range can lead us to upward momentum. there's also order flow which is hinting increased buying pressure. A breakout can happen if price breaks the resistance. Rsi is showing bullish momentum signaling that increasing buying pressure. MACD has a bullish crossover confirming that momentum is shifting towards the upside.
The BTC.D is moving within a descending channel but price is support area signaling a potential bullish reversal. telling you why :-
On the 4H tf chart signaling a shift to bullish momentum. the COCH confirm the market .sentiment change. price holding support, with a breakout above resistance will confirm the moving up phase. RSI is neutral but MACD is showing bullish crossover adding further confirmation on it.
Trade Setup :
Entry - 84,542.01
Tp 1 - 85,033.60
Tp 2 - 85,597.22
SL - 83,384.89
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