https://www.tradingview.com/x/1EvBubGt/ Take a look at our analysis for BITCOIN. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 84,125. Taking into consideration the structure & trend analysis, I believe that the market will reach 90,061 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
The bears are now strong and it may not end soon this correction to the downside was needed and so many users and investors with rush will leave market with loss until the whales buy back tokens which sold at top and after 2-3 months which their buys ended Bitcoin can pump again to new ATH even from 60K$ or 70K$ supports. DISCLAIMER: ((trade based on your own decision))
Two major daily supports which are: A. 0.13$ B. 0.09 are ahead and can soon pump the price and after breaking this descending channel to the upside heavy pump will lead and we are looking for targets like 0.50$. DISCLAIMER: ((trade based on your own decision))
As we can see it seems that orange zone support break to the downside and pump can start from green zone which major monthly support for SHIBUSDT but also we should consider huge amount of fall happened and this orange zone may be broken fake and soon even before touching green zone price can pump above it and retest one more time and huge pump start even sooner. DISCLAIMER: ((trade based on your own decision))
As we can see Trump is near major daily support zones and it can rise soon now or after more -50% dump and from the major support of 5$ it can pump like the green arrows mentioned on the chart. DISCLAIMER: ((trade based on your own decision))
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