SCBTC is travelling in a downtrend channel. After testing the trend line at 261 sat a few times, broke it and travelled quickly to down trend line of the channel. Heavy oversold RSI and the trend line may give a push and we may expect a bounce to the now resistance at 261 sat. If it broke the down trend line of the channel, next support is at 140 sat.
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SCBCT has bounced from the lower line of the channel which has helped a good jump above 231 sat which is a long term fib level. Now, if it stays above this level on 4h chart it can try to break the yellow resistance line which is a strong level in short term. MACD divergence may help it to have the force to break but we will see. It is better to stay in the horizontal channel for a short time to have this power.