Bitcoin against dollar proposing downtrend
Hi Friend, here is the chart technical analysis for bitcoin
In the technical view, a single bitcoin is running with an upside channel showing on the 4-hour chart. The next resistance level is at $4,050-$4,060 range. Its trajectory moves toward $4,100. Looking back, the February high was recorded at $4,186. The first support level is set at $3,974 20EMA 4-Hour. Once it reached, the downtrend momentum it may extend towards $3,952 to $3,897.
StochRSI is proposing a sell position from overbought territory.
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In the technical view, a single bitcoin is running with an upside channel showing on the 4-hour chart. The next resistance level is at $4,050-$4,060 range. Its trajectory moves toward $4,100. Looking back, the February high was recorded at $4,186. The first support level is set at $3,974 20EMA 4-Hour. Once it reached, the downtrend momentum it may extend towards $3,952 to $3,897.
StochRSI is proposing a sell position from overbought territory.
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If you like the idea, Please like and Follow.
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