BitcoinLong
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.