Let us look at what chart is throwing at us.
We can see a Hidden bearish divergence in daily chart of Price and RSI of XBTUSD .
While price has made a lower high, RSI has made a higher high.
Also, we can see that 8800-9000$ is acting as a very strong resistance zone and is acting as a historical S/R line.
If
BTCUSD.P corrects from here, next area to look out as support will be 8500$ and 8000$-8200$
Happy Trading !
Please hit like if you like the idea.
We can see a Hidden bearish divergence in daily chart of Price and RSI of XBTUSD .
While price has made a lower high, RSI has made a higher high.
Also, we can see that 8800-9000$ is acting as a very strong resistance zone and is acting as a historical S/R line.
If
BTCUSD.P corrects from here, next area to look out as support will be 8500$ and 8000$-8200$Happy Trading !
Please hit like if you like the idea.
Note
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📍Twitter : twitter.com/YoCrypto
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.
📍Telegram : t.me/YoCrypto
📍Twitter : twitter.com/YoCrypto
📍Twitter : twitter.com/YoCrypto
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.