Graph speaks by itself: prices are making higher highs while RSI is making lower highs.
Bearish divergences usually make early short signals.
Still wait for the prices to make lower lows to take your short position.
4h candle closing below $2720 looks like a safe bet for a swing trading.
If you wanna play the test of the down channel side, you can wait for the prices closing down under $2850.
Bearish divergences usually make early short signals.
Still wait for the prices to make lower lows to take your short position.
4h candle closing below $2720 looks like a safe bet for a swing trading.
If you wanna play the test of the down channel side, you can wait for the prices closing down under $2850.
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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.
Related publications
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.