SPXUSDT continues to respect a well-defined ascending channel on the 4H timeframe. Price recently tapped the upper resistance trendline for the fifth time and faced a strong rejection, forming a local top around the 0.49 zone.
The chart shows:
- Multiple clean reactions from both channel support and resistance
- Repeated bearish rejections at the upper boundary (red circles)
- Strong bullish defenses near trendline support (green circles)
- Price currently losing momentum below key moving averages
After rejecting from channel resistance, price dropped sharply and is now retesting the mid-range area near previous support/resistance. If bulls fail to reclaim momentum, this could trigger a deeper correction toward the lower channel support.
Key Levels
Resistance: 0.43 – 0.46
Current Price Area: ~0.41
Major Support: 0.35, 0.30 , 0.26
Cheers
Hexa
The chart shows:
- Multiple clean reactions from both channel support and resistance
- Repeated bearish rejections at the upper boundary (red circles)
- Strong bullish defenses near trendline support (green circles)
- Price currently losing momentum below key moving averages
After rejecting from channel resistance, price dropped sharply and is now retesting the mid-range area near previous support/resistance. If bulls fail to reclaim momentum, this could trigger a deeper correction toward the lower channel support.
Key Levels
Resistance: 0.43 – 0.46
Current Price Area: ~0.41
Major Support: 0.35, 0.30 , 0.26
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.