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HUOBI SIGNIFICANT LEVELS ON 4H CHART

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
97 2 2
Huobi is in the middle of a downtrend channel at the moment. The candlesticks seems to show a rejection from the upper channel, so if the bulls don't do their move it's possible one more leg down or simply sideways. A first psicological level that i draw some days ago is the round number 2300 that we hit in this downtrend and that is acting as a support. Now i see as a possible level in the downside the trend based fib extension at 2219 area. The RSI also seems pointing down. Considering that it is a good place to buy it's possible to see a bull run if the channel is broken with a good volume .
Good luck for your trading
Now it seems turning to previous upper channel, looking for possible bottoms to bounce
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