Connect with us

Hi, what are you looking for?

ELEVENEWS

Bitcoin

Bitcoin Price Prediction: BTC/USD sandwiched between strong support and resistance stacks – Confluence Detector

  • BTC/USD went up from $7,195.70 to $7,230.50 this Friday.
  • Robust resistance stack lies between $7,250-$7,270.

BTC/USD daily confluence detector

BTC/USD daily confluence detector

BTC/USD charted two straight bullish days as it went up from $7,195.70 to $7,230.50 this Friday. The price is currently stuck in between strong resistance and support stacks. Resistance stack lies between $7,250-$7,270 and has the one-month Fibonacci 23.6% retracement level, four-hour Previous High, one-day Fibonacci 61.8% retracement level and 200-day Simple Moving Average (SMA 200).

On the downside, the support stack lies between $7,205-$7,225, which has the 15-min Bollinger Band, four-hour Bollinger Band, one-day Bollinger Band, one-week Fibonacci 23.6% retracement level, 15-min Previous Low, one-hour Previous Low, SMA 5, SMA 10, SMA 50 and SMA 200.

source : fxstreet
 

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews