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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.

DateFebruary 24, 2023 - 18:29
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 24594.55, beginning of downtrend is expected.
  • We make sure when the support at 15120.00 breaks.
  • If the resistance at 24594.55 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 23645.00 on 02/21/2023, so more losses to support(s) 19940.00, 18482.00, 17210.00 and minimum to Major Support (15120.00) 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 53.

Symbol Released Current Forecast
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