In the 1-day timeframe, our trend line is broken
We see a neutral trend in the 4-hour timeframe. This trend is between the two regions of supply and demand.
Since our overall trend is bullish, we have two scenarios:
✅ Scenario 1: The price moves up and breaks the resistance, then the pullback is created and the price goes up to about 1834 until it reaches the previous peak.
✅ Scenario 2: The price goes down to the bottom of the channel and the resistance causes a pullback and then goes up to the resistance area and after its failure goes up to the higher area !!
We see a neutral trend in the 4-hour timeframe. This trend is between the two regions of supply and demand.
Since our overall trend is bullish, we have two scenarios:
✅ Scenario 1: The price moves up and breaks the resistance, then the pullback is created and the price goes up to about 1834 until it reaches the previous peak.
✅ Scenario 2: The price goes down to the bottom of the channel and the resistance causes a pullback and then goes up to the resistance area and after its failure goes up to the higher area !!