Currently price is holding above the uptrend trendline. Close below might lead to further price decline agains the Bitcoin, potentially reaching 1850 - 1750 satoshis area.
Note
Uptrend Trendline still holdingNote
4h close below 2410 satoshis should trigger further decline. Up until then trend might start to change to the upsideNote
Note
So far its a double bottom formation, which could result in a trend reversal right 2250 satoshis areaNote
Note
lets see if we can break above the channelNote
might go towards the downside targetNote
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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.