The 4-hour K line has been suppressed by the standard line for 4 consecutive candles. If it cannot return and stand above $112,768, then the short-term outlook remains bearish.
According to the algorithm calculation, the most likely positions to be hit below are: 1, $109,861 2, $108,405. This is based on the retracement calculated from the downward candlestick on 10/14 at 12:00, indicating that the indicator believes the retracement is not yet in place unless there are external factors to change it.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The 4-hour K line has been suppressed by the standard line for 4 consecutive candles. If it cannot return and stand above $112,768, then the short-term outlook remains bearish.
According to the algorithm calculation, the most likely positions to be hit below are: 1, $109,861 2, $108,405. This is based on the retracement calculated from the downward candlestick on 10/14 at 12:00, indicating that the indicator believes the retracement is not yet in place unless there are external factors to change it.