1D RSI divergence - short
Updated
BTC has divergence on the 1D RSI. We are also looking for a decent pullback to help the general bull trend.
The 50% line at 8358 is a good target, with some additional support from mid-April and mid-May.
The 50% line at 8358 is a good target, with some additional support from mid-April and mid-May.
Trade closed: target reached
but there is still some way to go.The long term line in purple coincidences with .786 retracement level giving some reasonable support. However, I expect the 1day RSI to hit 30% before any meaningful movement upwards occurs.
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