#Usdt Dom 4h chart;
It continues to move in the trend channel.
We already know that the region where it reaches the lower trend line is the critical level.
It started its upward movement with the reaction it received from here.
Now it made a double top on the 4h chart, making it work as resistance.
However, the point to be noted here is that the mismatch on the RSI side tells us that the direction will be up.
Therefore, it will continue its upward movement after some retracement. I personally do not expect the pullback here to be up to the trend line.
So how will this reflect on the market?
The negative process on the Bitcoin side will recover a little bit, maybe it may turn positive, but then I think it will continue to decline.
The main area I expect is the end of this trend contraction. We are now in the calm before the storm.
It continues to move in the trend channel.
We already know that the region where it reaches the lower trend line is the critical level.
It started its upward movement with the reaction it received from here.
Now it made a double top on the 4h chart, making it work as resistance.
However, the point to be noted here is that the mismatch on the RSI side tells us that the direction will be up.
Therefore, it will continue its upward movement after some retracement. I personally do not expect the pullback here to be up to the trend line.
So how will this reflect on the market?
The negative process on the Bitcoin side will recover a little bit, maybe it may turn positive, but then I think it will continue to decline.
The main area I expect is the end of this trend contraction. We are now in the calm before the storm.
For more you can follow me on X. @UgurTash
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
For more you can follow me on X. @UgurTash
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.