Yesterday, after touching the 41K resistance, we saw a drop to the support of $ 37,800, and now we have seen a rise in the floor of the bullish channel, which we have been in since January 28.
According to the 4-hour MACD indicator, which is declining and at a high level, we have two scenarios:
Scenario 1:
Given that a good 4-hour candlestick is closing and the 1-hour MACD time frame is crossing and rising, we can expect to move again to the $ 39,800 and $ 41,000 resistances.
Scenario 2:
If we lose channel support as well as $ 37,800 support, we will see a drop to $ 36,450, and if we lose more support to $ 34,750, we will see a drop.
According to the 4-hour MACD indicator, which is declining and at a high level, we have two scenarios:
Scenario 1:
Given that a good 4-hour candlestick is closing and the 1-hour MACD time frame is crossing and rising, we can expect to move again to the $ 39,800 and $ 41,000 resistances.
Scenario 2:
If we lose channel support as well as $ 37,800 support, we will see a drop to $ 36,450, and if we lose more support to $ 34,750, we will see a drop.