empty
 
 
30.05.2022 06:29 PM
Trading Signal for BITCOIN (BTC/USD) on May 30-31, 2022: buy above $29,565 (21 SMA - symmetrical triangle)

This image is no longer relevant

BTC plummeted from an all-time high of $68,977 to $25,259 between Nov 07, 2021, and May 05, 2022, losing more than 60%.

According to the weekly charts, the latest drop was supported by the 200 EMA located at 26,978. Meanwhile, a consolidation is observed in the form of lows and highs around the psychological level of 30,000.

According to the daily chart, we can see that Bitcoin has formed a symmetrical triangle pattern that was broken earlier this week. Currently, it is trading above the 21 SMA located at 29,565 with a slightly bullish bias but strong resistance at 2/8 Murray around 31,250.

If the trend of Bitcoin continues in the next few hours and it consolidates above 2/8 Murray around 31,250, this price action could encourage an upward movement and BTC could quickly reach 34,375 (3/8 Murray) and even move towards the EMA 200 around 40,163.

The eagle indicator is giving a positive signal after having reached oversold levels on May 13. Currently, the signal could favor the recovery of Bitcoin which will give us an opportunity to buy in the next few hours while it remains above the psychological level of $30,000.

Dimitrios Zappas,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $5000 mais!
    Em Novembro nós sorteamos $5000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback