Awaiting Directions After BTC/USD Pullback: Technical Analysis by Sally Ho – August 28, 2022
Bitcoin (BTC/USD) wait fresh tech sentiment already Asian session as pair orbital This Class of 20209 transaction is low as 19932.42 area after the recent crash.intense selling pressure start around 21878.05 area, which represents a test recent technical resistance around 21866 area. stop Yes choose below This 20443 Period area pull backOne grade This is related to the recent buying pressure around 18892 area.Traders continue to pay attention Upside price retracement inside Depreciation rate from 24448 to 20760include 22169, 22604, 23039, 23578and 23659 field. stop most recently choose below This 23185, 22296and 21392 in the wider field pull back, technology matters Related areas buying pressure appear around 17567.45 area.
upside retracement inside Depreciation rate from 31549.21 to 17567.45 include 26208, 28249and 28557 field.additional Upside price target and potential areas selling pressure include 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 field.additional major technology area on shortcoming include 16990.14, 14500.15and 10432.73 field.traders observe 50 bar MA (4 hours) Yes Bearish indication is below This 100 bar MA (4 hours) and the following This 200 bar MA (4 hours). Furthermore, the 50 bar MA (hourly) Yes pessimistically express the following This 100 bar MA (hourly) and the following This 200 bar MA (hourly).
price activity closest 50 bar MA (4 hours) at 21234.46 and 50 bar MA (hourly) at 20962.21.
technical support expected at 16990.14/ 14500.15/ 10432.73 and stop It is expected as follows.
technical resistance expected at 25256.96/ 27455.20/ 32383.96 and stop More than expected.
superior 4 hours chart, slow K Yes Bullish above SlowD although MACD Yes Bearish below the MACDA average.
superior 60 minutes chart, slow K Yes Bullish above SlowD although MACD Yes Bullish above the MACDA average.
Disclaimer: Sally Ho’s technical analysis is provided by a third party for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
