SUMMARY: Short, looks like another a week or two before a reversal takes hold.
We have two falling wedges on daily period and several weeks period.
There is a bullish divergence forming on the 4H and just appearing on the daily too.
If there is a sharp break down, technical target would be the $40k support.
We have two falling wedges on daily period and several weeks period.
There is a bullish divergence forming on the 4H and just appearing on the daily too.
If there is a sharp break down, technical target would be the $40k support.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.