INJECTIVE|The beginning of the BEARISH trend?
Hello guys, I hope you are doing well. Have you seen Bitcoin? I hope you have used it.
Let's check the ING currency, the four-hour time is inside a trending range, it has tried several times to stabilize higher ceilings, but was unsuccessful, now it has fallen again when it reaches the four-hour supply area and has entered the form of a descending channel.
It is registering lower highs and lower lows, on the other hand, Bitcoin has fallen, which is not without effect.
Currently, the four-hour demand area has stopped ING from falling, if this area is broken down, the selling pressure will increase and it can easily fall to the $29 and $19 targets.
Pay attention to the demand area (32.20-33.80), by breaking this area, look for selling positions.
Let's check the ING currency, the four-hour time is inside a trending range, it has tried several times to stabilize higher ceilings, but was unsuccessful, now it has fallen again when it reaches the four-hour supply area and has entered the form of a descending channel.
It is registering lower highs and lower lows, on the other hand, Bitcoin has fallen, which is not without effect.
Currently, the four-hour demand area has stopped ING from falling, if this area is broken down, the selling pressure will increase and it can easily fall to the $29 and $19 targets.
Pay attention to the demand area (32.20-33.80), by breaking this area, look for selling positions.
Trade active:
Trade closed: target reached:
With the failure of the trend line with a slower slope that I warned about falling, it managed to reach its target from the same area.
If this analysis was useful for you and you were able to use it, write to me in the comments section.
If this analysis was useful for you and you were able to use it, write to me in the comments section.