BTC/USDT BINANCE
4H hollow candlesticks.
Its seems price broke slightly out of the parallel uptrend channel and is going to form another parallel downtrend channel, but not yet.
One of those 2 paths are very possible to happen.
Either way this movement is very strange and unstable.
Price have to break this yellow downtrend line to continue uptrend.
Two possible price paths are shown.
Low volume.
MACD going sideways as might the price gonna follow that trend.
Multiple support & resistance levels shown as horizontal lines, except the areas that already formed.
A very possible scenario is a huge price dump as the volume and market cap keeps decreasing.
Bitcoin Price (BTC) = $35,815.60 -0.17%
13.34 ETH -2.21%
Market Cap: $1,631,196,790,672
24h Vol: $81,908,789,153
Dominance: BTC: 41.2% ETH: 19.2%
Good Luck
CryptoHellas Team
4H hollow candlesticks.
Its seems price broke slightly out of the parallel uptrend channel and is going to form another parallel downtrend channel, but not yet.
One of those 2 paths are very possible to happen.
Either way this movement is very strange and unstable.
Price have to break this yellow downtrend line to continue uptrend.
Two possible price paths are shown.
Low volume.
MACD going sideways as might the price gonna follow that trend.
Multiple support & resistance levels shown as horizontal lines, except the areas that already formed.
A very possible scenario is a huge price dump as the volume and market cap keeps decreasing.
Bitcoin Price (BTC) = $35,815.60 -0.17%
13.34 ETH -2.21%
Market Cap: $1,631,196,790,672
24h Vol: $81,908,789,153
Dominance: BTC: 41.2% ETH: 19.2%
Good Luck
CryptoHellas Team
Comment:
Forgot to extend Support & Resistance areas...sorry
