On the daily chart, we see that the bullish trendline was broken with a test of the support area, which was rejected and started the bullish trend again.
Looking at the 4-hour chart, we see that after the upward movement, a short-term bearish trend started, which was broken.
ATH is now the only remaining area of resistance. I expect the market to retest the previous high and break it out.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
Looking at the 4-hour chart, we see that after the upward movement, a short-term bearish trend started, which was broken.
ATH is now the only remaining area of resistance. I expect the market to retest the previous high and break it out.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.