BTC/USDT
Price was influenced by the sellers, which push the price down to the support zone. The price starts to range between 42000 and 30000, and the sellers do not have enough strength to push the price further below the support zone. The price is now forming Higher Lows which signifies an uptrend movement. A continuous upward movement of price above the rectangular resistance zone shows the buyers are in power, and the price will follow the arrow drawn on the chart.
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.