Hello all and good day to everyone.
BTC has been in a rising consolidation after the sell off following our recent high of around $10,400.
We have now just hit the up-sloping support level with the third bullish divergence on the RSI granted we stay above the previous low. We would expect now for price to reverse from here back up to the resistance line and even above it to attempt the $10,500 resistance.
Not trade advice.
BTC has been in a rising consolidation after the sell off following our recent high of around $10,400.
We have now just hit the up-sloping support level with the third bullish divergence on the RSI granted we stay above the previous low. We would expect now for price to reverse from here back up to the resistance line and even above it to attempt the $10,500 resistance.
Not trade advice.
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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.