Technical analysis regarding the price of BITCOIN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price has been respecting this downward trend line that has been formed, as it left falling tops and has been walking in a bearish manner.
The price may touch again and retract in that region, and may rise sharply to break and continue its upward trend.
You can go straight, making the bulls breathe at that moment a little consolidated and, already push the price upwards - in case we see a significant increase in volume close to the trend line -, breaking this region, and soon after, perform a pullback and proceed.
The price may break through this support region at 30k608, pull back and pick up the area below the price, which coincides with Welles Wilder's 400-period Moving Average.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
The price has been respecting this downward trend line that has been formed, as it left falling tops and has been walking in a bearish manner.
The price may touch again and retract in that region, and may rise sharply to break and continue its upward trend.
You can go straight, making the bulls breathe at that moment a little consolidated and, already push the price upwards - in case we see a significant increase in volume close to the trend line -, breaking this region, and soon after, perform a pullback and proceed.
The price may break through this support region at 30k608, pull back and pick up the area below the price, which coincides with Welles Wilder's 400-period Moving Average.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
