We see that there is a new resistance zone formed by the boundaries of two kijun-sen (pink). This is a short term resistance boundary between 8850 and 9506
From the left 720mins or 12h graph,
BTCUSD in short term will test 8300 again because of the swing low and bullish divergence on MACD.
However this phase two movement can be considered as a 38.2% retracement to hit a strong downward trend line.
From the left 720mins or 12h graph,
BTCUSD in short term will test 8300 again because of the swing low and bullish divergence on MACD.
However this phase two movement can be considered as a 38.2% retracement to hit a strong downward trend line.
