according to the chart on H4 time frame, there are two scenarios. number one can have more possibility. As I illustrated in first scenario price would reach between yellow horizontal lines which means following bearish pattern.
In scenario number two, we see the resistance line is broken and price reach to blue line.(around 3600$). Scenario number two can happen every time that the price reach resistance line.
In scenario number two, we see the resistance line is broken and price reach to blue line.(around 3600$). Scenario number two can happen every time that the price reach resistance line.
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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.