CAN is currently trading above the key resistance level of 0.835, closely following the EMA50 moving average( orange dashed line). From the 4-hour chart, the neckline of the inverse head and shoulders pattern is also around this area, indicating a tug-of-war between bulls and bears. There should be quite a few trading opportunities today. We are optimistic about whether CAN and BTC can break through the resistance and continue upward—this level is very critical. Once it effectively stabilizes above 0.835, the subsequent upward potential will open up.
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BlockchainGriller
· 01-14 20:22
0.835 this level really got stuck, it looks uncomfortable haha
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JustHereForMemes
· 01-13 20:03
0.835 this level is back again, feels like I see this position every day haha
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GateUser-a180694b
· 01-13 19:58
0.835 this level really needs to be held, otherwise it will retrace again
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FlashLoanKing
· 01-13 19:45
0.835 this threshold must be tough to break through; let's see if it can really be breached.
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LiquidityHunter
· 01-13 19:38
If we can't break through this 0.835 barrier, we'll have to reduce our positions.
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ContractFreelancer
· 01-13 19:34
0.835 this level is really stuck, feels like today we have to watch BTC's mood
CAN is currently trading above the key resistance level of 0.835, closely following the EMA50 moving average( orange dashed line). From the 4-hour chart, the neckline of the inverse head and shoulders pattern is also around this area, indicating a tug-of-war between bulls and bears. There should be quite a few trading opportunities today. We are optimistic about whether CAN and BTC can break through the resistance and continue upward—this level is very critical. Once it effectively stabilizes above 0.835, the subsequent upward potential will open up.