We are looking at bearish divergence for XBTUSD with the MACD.
Candles closed printing higher highs, while the MACD printed a lower high, giving us a strong bearish signal.
We also have prices breaking below EMA300 and EMA10.
This one is only confirmed once the 4H candle closes.
What these signals are telling us that XBTUSD can test lower support levels.
These support levels are marked and highlighted on the chart.
Conditions for change
If prices move back up and close above EMA300, the above signals become invalid.
Thanks a lot for reading.
Namaste.
Candles closed printing higher highs, while the MACD printed a lower high, giving us a strong bearish signal.
We also have prices breaking below EMA300 and EMA10.
This one is only confirmed once the 4H candle closes.
What these signals are telling us that XBTUSD can test lower support levels.
These support levels are marked and highlighted on the chart.
Conditions for change
If prices move back up and close above EMA300, the above signals become invalid.
Thanks a lot for reading.
Namaste.
Note
1H (EMA50 also gone)
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➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.