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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 14, 2022 - 10:53
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 26211.00 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 21980.00 on 08/04/2022, so more gains to resistance(s) 24150.00 and maximum to Major Resistance (26211.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 63.

Symbol Released Current Forecast
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