After a sharp significant drop, we can see the weakness of bears and strength of bullish moves.
Currently, the descending corrective trend line has been broken out to the upside with a large bullish candle and price has been fixed above it.
But, there is a resistance zone around 41400 which has pushed the price to the downside. If price breaks this resistance area and closes a bullish 4H candle above this level, I expect a rise on BTCUSDT around 43200 which is the next resistance level ahead.
Currently, the descending corrective trend line has been broken out to the upside with a large bullish candle and price has been fixed above it.
But, there is a resistance zone around 41400 which has pushed the price to the downside. If price breaks this resistance area and closes a bullish 4H candle above this level, I expect a rise on BTCUSDT around 43200 which is the next resistance level ahead.
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.
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.