As you can see in the image above, a negative typical divergence (dashed yellow line) is observed in the RSI, which indicates a change in trend from bullish to bearish, and since it is formed in the chart, the twin ceiling pattern can be broken after the break. The neckline (red dashed line) will drop down to the 6.23% level, and as a result, BTC, which has been analyzed in previous posts, will rise and climb to the 22,000 range.
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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.