We checked btcusdt in two timeframes. During the daily time, two channels were introduced. After the price crossed the resistance of the second channel, we saw a return of the price, but it passed through the ceiling of the second channel, which became support, and faced support in the midfield.
This trend was examined in 4 channels in 4 hours time and one channel was introduced as the oscillation channel in the growth path. The price returned to the floor of both channels when it hit the middle line of the third channel, which was almost the roof of the oscillating channel. Given the price crossing the intersection of the two strong supports and entering the second channel, I think the price reduction is due to a shock.
Finally, as shown in this chart, the price will fluctuate between the midline and the channel roof for a while to get the energy needed to cross the channel roof again.
This trend was examined in 4 channels in 4 hours time and one channel was introduced as the oscillation channel in the growth path. The price returned to the floor of both channels when it hit the middle line of the third channel, which was almost the roof of the oscillating channel. Given the price crossing the intersection of the two strong supports and entering the second channel, I think the price reduction is due to a shock.
Finally, as shown in this chart, the price will fluctuate between the midline and the channel roof for a while to get the energy needed to cross the channel roof again.
Comment:
oh, I forgot to say that if the price can not stabilize above the midline, it will fall to the bottom of the second channel.
Comment:
hi guys
Don't worry, this is a correction. Sharpe ascent also has Sharp correction.We have strong support in 17,500 to 17,200
Don't worry, this is a correction. Sharpe ascent also has Sharp correction.We have strong support in 17,500 to 17,200
