BTCUSDT – Long entry @ 41600 (pending)

Bitcoin / TetherUS BINANCE:BTCUSDT

Scribes

BTCUSDT managed to pierce and pullback the 50% fib yesterday.
We need to close above that level to be more confident on the new uptrend.
The price went very close to triggering our buy with a high of 41555(pending buy @ 41600).

I expect a further move above the 50% fib.

Downside risks
S1 @ 40600
S2 @ 40000
S3 @ 39200 current bottom level

Upside resistance
R1 @ 42600 (50 ema )
R2 @ 42800 (61.8% fib)
R3 @ 43200 (100 ema )
R4 @ 44600 (200 ema )

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