The biggest indication here of a BEAR SIGNAL is the RSI pointing to a divergence (going the opposite direction as the price line).
Unless someTHING miraculous or unforeseen happens this week, as it often does in the crypto world, we're heading right back down.
The bear signals have already made their impact, I believe many might panic sell (coughcoughDAVE) BUT at the new support many will buy. And so it goes.
We can look forward to a new bull run and new attempt to crack
12K if support levels (the HODLs) hold well.
Hit like if you found this useful and I look forward to your comments !
Warm Regards, Ev
Unless someTHING miraculous or unforeseen happens this week, as it often does in the crypto world, we're heading right back down.
The bear signals have already made their impact, I believe many might panic sell (coughcoughDAVE) BUT at the new support many will buy. And so it goes.
We can look forward to a new bull run and new attempt to crack
12K if support levels (the HODLs) hold well.Hit like if you found this useful and I look forward to your comments !
Warm Regards, Ev
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.
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.