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DPby u/devries_pablo·3dAnalysis

$USDTHB pushing resistance, what gives?

Been watching $USDTHB for a bit now, and it's certainly had an interesting few sessions. We're currently sitting around 33.543, right at that psychological 33.50-33.60 zone that's acted as pretty strong resistance for a while. I'm seeing a bit of a coil here on the daily, almost like it's gathering steam, but it could just as easily be distribution. My gut says if we close convincingly above 33.64 (let's say a daily close around 33.70 to be safe), we might see a run towards 34.00, perhaps even higher. The risk to that idea, of course, is a rejection here and a move back down to test the 33.30 level. It's a tricky one, and I certainly don't have all the answers, but the tension around this level is palpable.

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1 Comments

LSu/lschmidtGermany·3d

That's interesting, I hadn't noticed the coil forming. Do you think the recent strength in the dollar broadly is enough to push it through, or is there something specific to the THB that might hold it back?

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