The market edged down while BTC dropped rapidly due to the overall downside impact after a rush to high $9400. The top divergence shows up in the short-term on the K-line and an adjustment is required. MACD still above the zero axis and the market is generally choosing to stick to the longs. Buy in around low $9100 and focus on the pressure $9400
ETH also showed slump but with apparently rebounding which means the money is marking the bottom expending the shorts. MACD appeared dead cross on the 1-hour K-line and the low is raising. The adjustment will be required and focus on the pressure $206.
ETH also showed slump but with apparently rebounding which means the money is marking the bottom expending the shorts. MACD appeared dead cross on the 1-hour K-line and the low is raising. The adjustment will be required and focus on the pressure $206.
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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.