Technical analysis by TradingZzone about Symbol BTC: Sell recommendation (12/11/2023)
https://sahmeto.com/message/605510

TradingZzone
Rank: 9782
Analytical Power:
1.5

BTC has reached the upper trendline of the rising channel, a breakout of the upper trendline can take the price to a new ATH.Otherwise, it is likely that the price will be rejected at this point and back to the lower trend line and even break out from there.- Overall, the trend is still bullish in the long term (see the big rising channel)- RSI is in overbought territory - All the possible targets in the chartPlease like and follow to get more ideas like this 🔥So far BTC has followed my chart perfectly as expected...watching $47k ...seems like $200k is a reasonable target
Translated from: English
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Signal Type: Sell
Time Frame:
1 weekPrice at Publish Time:
$42,392.84