There is correction on the weekly chart. The movement within the candlestick is limited by the local maximum of 11.824 USDT. Strong support from past candle low at 11.376 USDT
On the 4H chart, the price is in a bearish channel near the upper boundaries. There is a possibility of a rebound from the upper edge. The target of the correction is 11,551 USDT.
The current day's scenario is shown within a purple box.
Scenario type - correction.
Today there is a high probability of a false breakdown of the 11730 USDT mark during the day!
On the 4H chart, the price is in a bearish channel near the upper boundaries. There is a possibility of a rebound from the upper edge. The target of the correction is 11,551 USDT.
The current day's scenario is shown within a purple box.
Scenario type - correction.
Today there is a high probability of a false breakdown of the 11730 USDT mark during the day!
Note
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My TG blog t.me/techhypov
Related publications
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.