BTC/USDT weekly analysis in 30th/Jan/2022
Hi, crypto traders.
The price broke 34,000USD again and went down continuously. But after reaching 32,900USD, it bounced and already broke 5MA to the upper side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) > 20MA (blue) > the candle > 5MA (red).
The trend is still downtrend, but if the candle breaks 20MA to the upper side clearly, we can see the target 44,500USD. Conversely, if the price breaks 5MA to the lower side again, the trend will be a strong downtrend again.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 39,000-40,000USD (Cross-point with 20MA, A nice round number)
– 2nd target: 44,500USD (the highest price in 13th/Jan/2022)
– 3rd target: 45,000-46,000USD (Cross-point with 60MA)
◇BTC goes down:
– 1st target: 37,000-37,500USD (Cross-point with 5MA)
– 2nd target: 32,900USD (the lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
The price broke 34,000USD again and went down continuously. But after reaching 32,900USD, it bounced and already broke 5MA to the upper side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) > 20MA (blue) > the candle > 5MA (red).
The trend is still downtrend, but if the candle breaks 20MA to the upper side clearly, we can see the target 44,500USD. Conversely, if the price breaks 5MA to the lower side again, the trend will be a strong downtrend again.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 39,000-40,000USD (Cross-point with 20MA, A nice round number)
– 2nd target: 44,500USD (the highest price in 13th/Jan/2022)
– 3rd target: 45,000-46,000USD (Cross-point with 60MA)
◇BTC goes down:
– 1st target: 37,000-37,500USD (Cross-point with 5MA)
– 2nd target: 32,900USD (the lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
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