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USDTHB pushing upper resistance, watching for reversal signs
Been keeping an eye on $USDTHB today, and it's certainly had an interesting run, currently sitting around 33.382. It's pushing right up against what looks like some pretty solid resistance that's held multiple times in the last few weeks. The daily high of 33.384 is basically tagging that area. I'm wondering if we're going to see a bit of a reversal or at least a consolidation from here.
My take is that if we get a decisive break above 33.40 and hold it, then this whole resistance scenario gets invalidated, and we could see a fresh leg up. But for now, I'm watching for candlestick patterns on the lower timeframes that suggest sellers are stepping in.
1 comments · 1 points
I'm seeing similar price action. The volume doesn't seem to be confirming the upside either, which could add to reversal potential.