If Price manages to hold in the purple zone through the down resistance, we'll probably see a bullish continuation next.
However, I think the DTs will win out here taking Price down to 18.5 at least, maybe 17k.
RSI getting wedged hard between the uptrend (white) and downtrends (purple and yellow), expecting this to break down for a little bit here before reclaiming the uptrend.
However, I think the DTs will win out here taking Price down to 18.5 at least, maybe 17k.
RSI getting wedged hard between the uptrend (white) and downtrends (purple and yellow), expecting this to break down for a little bit here before reclaiming the uptrend.
Note
Wow, look at that guys, at the divergence it's makin one last shot to hold the upchannel, lets see if it can pull it off!Note
EHHHH... Rejected! Looks like sideways is path of least resistance here...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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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.