BTC - H4 - Below Tenkan-Sen and MBB...
H4 : Currently traded below both Tenkan-Sen and MBB. Moreover, the uptrend support line is under attack !ü
Clouds support zone looks quite fragile.
A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800
which is the clouds support area ahead of the congestion zone support @ 33800.
On the upside, as already mentioned previously on my D1 comment, 39150 (which coincides roughly with the
downtrend line resistance) and more important the former high @ 40112 remains the levels to break in order
to reverse the bearish price action currently in place.
Sell on rally
Clouds support zone looks quite fragile.
A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800
which is the clouds support area ahead of the congestion zone support @ 33800.
On the upside, as already mentioned previously on my D1 comment, 39150 (which coincides roughly with the
downtrend line resistance) and more important the former high @ 40112 remains the levels to break in order
to reverse the bearish price action currently in place.
Sell on rally
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.