CloseOption Knowledgebase

An overview of Bitcoin price in early 2023!

An overview of important support and resistance levels of the four major currency pairs of the ongoing week.

 

• First key support level of EUR/USD: 1.071444
• Second Key support level of EUR/USD: 1.063283
• Third Key support level of EUR/USD: 1.048031
• First key resistance level of EUR/USD: 1.075806
• Second Key resistance level of EUR/USD: 1.078808
• Third Key resistance level of EUR/USD: 1.09

• First key support level of USD/CHF: 0.925238
• Second Key support level of USD/CHF: 0.9215
• Third Key support level of USD/CHF: 0.917
• First key resistance level of USD/CHF: 0.931592
• Second Key resistance level of USD/CHF: 0.934964
• Third Key resistance level of USD/CHF: 0.940106

• First key support level of GBP/USD: 1.209972
• Second Key support level of GBP/USD: 1.201
• Third Key support level of GBP/USD: 1.183085
• First key resistance level of GBP/USD: 1.220701
• Second Key resistance level of GBP/USD: 1.232661
• Third Key resistance level of GBP/USD: 1.244711

• First key support level of USD/JPY: 131.394101
• Second Key support level of USD/JPY: 129.572622
• Third Key support level of USD/JPY: 128
• First key resistance level of USD/JPY: 132.884551
• Second Key resistance level of USD/JPY: 134.416742
• Third Key resistance level of USD/JPY: 135.752584

 

An overview of Bitcoin price in early 2023!

 

As mentioned in the previous Bitcoin analysis on 11/23/2022, the price could rise and increase, and finally, the buyers achieved two price targets of $16,900 and $18,000.From the bearish point of view, the first significant warning for price reduction will be formed by breaking the critical support level of $16,300, in which case the price will have the potential to decline further and reach the support levels of $15,560 and then up to $14,000.

In the current situation, there is no apparent reason for price reduction in long-term periods such as monthly and weekly, and the price is wholly oversold, which gives the potential to correct the downward trend and form bullish candles.The formation of the inverted hammer candlestick pattern in the monthly interval has issued the first “unimportant” warning for the formation of a price floor and a change in the direction of the trend.

Among the critical support levels in front of the price will be the support level of 17,400 and 17,200 dollars and then 17,000 dollars. If the current upward trend is corrected and the price reaches them, the buyers will pay attention to these levels to enter the market.In general, according to the current upward trend, in the shorter term, such as the open and 4-hour period, if the resistance level of $17,500 is removed, the price will have the potential to rise further and reach the resistance levels of $18,000 and then up to $18,400.

 

CloseOption Team

www.closeoption.com

Join Us to Learn How to Succeed in Your Trading person_addRegister

Related Posts

USDJPY Technical Analysis

USDJPY Technical Analysis

USDJPY Technical Analysis  An overview of important support and resistance levels of the four major currency pairs of the ongoing week.   • First key support level of EUR/USD: 1.058096 • Second Key support level of EUR/USD: 1.052013 • Third Key support level of EUR/USD: 1.041133 • First key resistance level of EUR/USD: 1.062825 • …

An overview of the EUR-USD price action

An overview of the EUR-USD price action

EUR-USD price action – An overview of important support and resistance levels of the four major currency pairs of the ongoing week. • First key support level of EUR/USD: 1.058102 • Second Key support level of EUR/USD: 1.051091 • Third Key support level of EUR/USD: 1.04 • First key resistance level of EUR/USD: 1.065667 • …

An overview of USD/CHF price position

An overview of USD/CHF price position

An overview of important support and resistance levels of the four major currency pairs of the ongoing week. • First key support level of EUR/USD: 1.044025 • Second Key support level of EUR/USD: 1.036 • Third Key support level of EUR/USD: 1.02911 • First key resistance level of EUR/USD: 1.048184 • Second Key resistance level …

An overview of the status of Cardano digital currency

An overview of the status of Cardano digital currency

Cardano digital currency – An overview of important support and resistance levels of the four major currency pairs of the ongoing week.   • First key support level of EUR/USD: 1.03284 • Second Key support level of EUR/USD: 1.02244 • Third Key support level of EUR/USD: 1.01276 • First key resistance level of EUR/USD: 1.03916 …

Add your Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comments