4 hour stick
Blue is the newly formed support and resistance lines.
The lower tail is coming out now, but it doesn't seem to come off easily because it's supported so much.
It's a similar situation if you look at it a little bigger.
Rather than plummet here, even if it falls, it is correct to rise sharply upwards and then pierce again under gravity.
That's true, but I'm seeing a slight decline in the short term
Again, it is a 4-hour bar, I see a lot of the 4-hour bar with two moving averages: 120 days moving average and MA 240 days moving average.
It's that big yellow wire right now, but it's smashed with a long squeegee once and it's pierced, so there's a higher chance of touching it.
Currently, as the uptrend was shattered through Ripple FUD this morning, it seems that you need to touch it once to rebound.
And because I lasted on the MA120 line and eventually fell out (red line)
There seems to be a downtrend in the short term.
