Current Trend: Bearish
Momentum: Bearish
RSI seems to be in a channel with prices making a wedge. Prices showing lower high and lower lows but RSI is showing higher highs and higher lows.
Possible divergence into a reversal in the making?
Best to see if price breaks the descending trendline to look for buy opportunities.
Momentum: Bearish
RSI seems to be in a channel with prices making a wedge. Prices showing lower high and lower lows but RSI is showing higher highs and higher lows.
Possible divergence into a reversal in the making?
Best to see if price breaks the descending trendline to look for buy opportunities.
Note
Price is now touching the top of the trendline. Looking for a make or break here.Note
Bearish divergence appeared on the 1H and price went down to test the trendline which it broke out of. RSI back to bearish territory.
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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.