The weekly RSI is tightening up between support and resistance. Bullish divergence is still valid. If the RSI breaks above that red line, expect a move up. It could happen between now and mid-January.
$25K - $26K would act as strong resistance.
Invalidated if the lower trend line breaks.
$25K - $26K would act as strong resistance.
Invalidated if the lower trend line breaks.
Trade active
Worked out perfectly since my original post on November 30th.Note
Perfect breakout.Note
$25K resistance ahead.Trade closed: target reached
$25K target reached. Currently watching the 200W MA.
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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.