ANALYSING A POSSIBLE UPTREND (BTCUSDT)

By choosing a 4hr time frame , I notice a downtrend as on the chart with candle closing at the value of ( C 42140.0) on 21st/APR/2022 at 1500hrs (utc+3 Riyadh). This trend is reversed as explained below;

* The price range percentages indicated from the support level (purple colored rectangle)express the price movement of the higher
lows down the trend.
* Lowest recorded percentage (5.76%) higher low at the end of the downtrend ,candlestick closing at the value of ( C 38696.0) ,wick
value (H 39255.5); setting for us a new RESISTANCE (horizontal yellow line).
*A breakeven above our resistance at 1900hrs (UTC +3 Riyadh) on 4th/APR/2022 is our evident downward reversal candlestick at the
value of ( C 39840), wick value (H 40058.5).

OPEN TRADE AT : MARKET PRICE 39300.0 TP 39400 SP 37504.5
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