BTC Analysis: Descending Parallel Channel with 4H&1D Resistance
Trend: Overall bearish trend
Candles: Several hammer candle formation indicates prices can go up.
Support & Resistance: Price is respecting 4h & 1D resistance levels.
Descending Parallel Channel: The price is moving within the channel.
Candles: Several hammer candle formation indicates prices can go up.
Support & Resistance: Price is respecting 4h & 1D resistance levels.
Descending Parallel Channel: The price is moving within the channel.
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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.