Dotusdt providing a clear range trade on the 4h timeframe with a resistance zone at 16.4 and support at 14.7, price is currently testing the midrange at 15.6, a break of which could have the price rally to the Resistance, rejection would bring the price to the range low, which I think is probable, considering the stochastic RSI on the 1h and 4h with is over...
Dotusdt providing a clear range trade on the 4h with risistance zone at 16.4 and a support at 14.7, price is currently testing the midrange at 15.6 a break of which could take the price to the Resistance at 16.4 and above, rejection would bring the price at range low, I have a rejection bias as the stochastic RSI on the 1h and 4h seems to be bought. I am not...
Rising wedge visible on the 1h tf with multiple touches, the lower trendline seems to be holding as support. This is also confluence with the stochastic RSI at over sold, in the immediate short term, we might see some upward movement, but won't last long and the price would eventually breaks downwards as the 4h and daily RSI seems to be overbought. IMO
A symetrecal triangle seems to be forming on the btc/usdt 4h timeframe with an upside target to 46k zone and downside to 22k zone, how ever until clear ranging zones, has been invalidated, it's a good idea to take profits at the range high (resistance) and range low(support) as the case maybe.
Zoomed In, the price is currently running into a resistance at the...
An embryo inverse head and shoulders visible on the 4h timeframe, rejected on the 35100 resistance zone could push the price to 32000, we want see that hold and a subsequent bounce and break of the 35100 zone.
