#BTCUSDT 1D
The purple trend was failed, and the price quickly broke the one-day support and came to the very old green support. I imagined that the before candle would be like this and hit the daily resistance and return, but as you can see, the same golden zone. As I said, it created a very hard resistance that prevented the price from rising again, it will probably react to the green support trend and slowly test the golden zone again. If it loses the support of the green trend, it will probably go down to 19860.
The purple trend was failed, and the price quickly broke the one-day support and came to the very old green support. I imagined that the before candle would be like this and hit the daily resistance and return, but as you can see, the same golden zone. As I said, it created a very hard resistance that prevented the price from rising again, it will probably react to the green support trend and slowly test the golden zone again. If it loses the support of the green trend, it will probably go down to 19860.
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.
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.