#Analytics #Bitcoin
πͺ For #BTC, there was a spike at the 4H level β 62373. The Fear and Greed Index is currently at 57.
One possible scenario after the level spike is a price reversal in the opposite direction.
π Trade:
Position entry in #LONG from 63200-64200
SL β 62300
TP β 67000-68000
this is not a trading recommendation
β
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One possible scenario after the level spike is a price reversal in the opposite direction.
Position entry in #LONG from 63200-64200
SL β 62300
TP β 67000-68000
this is not a trading recommendation
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#Analytics #ETH
π #Ethereum has broken through the upper consolidation level along with #BTCβs ATH
A return to this level doesnβt imply a false breakout or a trend reversal. As shown by the new market trend, sometimes even the most solid levels break with the shakeout of participants taking both #LONG and #SHORT positions, and only then does the movement begin.
The volume profile indicator shows that the highest volume occurred at the $2,640 level, which will serve as the support zone.
π― Trade:
Enter long positions on a return above the $2,820 level
SL β below the nearest support level
TP β Short-entry zone: $3,326 - $3,076
not a trade recommendation
β
Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.
A return to this level doesnβt imply a false breakout or a trend reversal. As shown by the new market trend, sometimes even the most solid levels break with the shakeout of participants taking both #LONG and #SHORT positions, and only then does the movement begin.
The volume profile indicator shows that the highest volume occurred at the $2,640 level, which will serve as the support zone.
Enter long positions on a return above the $2,820 level
SL β below the nearest support level
TP β Short-entry zone: $3,326 - $3,076
not a trade recommendation
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