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Price Action

Thursday, November 16 2023
BTC/USD
03:09 pm (GMT +0200)
30 minutes Timeframe

After the pair has violated the support level at 37141.60, it is now exposed to further drop towards the support at 36996.44, 36923.86 and then lower to 36778.70.

Should the pair manage to exceed the resistance level at 37504.50, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
36996.44

direction
Target 2
36923.86

direction
Target 3
36778.70

direction
Target 4
36597.25

entry
Entry
37141.60
entry
Stop Loss
37504.50

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
BTC/USD
03:09 pm (GMT +0200)
30 minutes Timeframe

After the pair has violated the support level at 37141.60, it is now exposed to further drop towards the support at 36996.44, 36923.86 and then lower to 36778.70.

Should the pair manage to exceed the resistance level at 37504.50, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
36996.44

direction
Target 2
36923.86

direction
Target 3
36778.70

direction
Target 4
36597.25

entry
Entry
37141.60
entry
Stop Loss
37504.50

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction