Weekly Range Update

eng
Daily Chart XBTUSD @bitstamp

XBT / USD weekly price range $590-$660 | daily ALMA moving average is firmly up, the main resistance it’s now the price zone from the second to the third price deviation line  above the VWAP ($635-$660) while the support is always the VWAP at $590.

The situation has finally resolved in an upmove from $610-$615 to $635-$640 because as I said several times the ALMA average on the weekly chart is bullish and pushing up. The daily RSI oscillator average is in overbought zone and I think the bitcoin might do a correction perhaps to $ 610-615 before resuming the uptrend.

In the event of a sharp fall is always very valuable the support around $435.

Italian version here at bitchanger.com

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