if we break 7200 resistance target is 11k+
Hidden Bearish divergence started to build from 4hr-6hr chart, to avoid it in 12hr and 1D price has to shot over 12200 before the candle close which is a bit difficult. In my opinion BTC will continue the downtrend soon, but it has a change to reach 11k or a bit more before starting to drop down.
The price is making higher low while RSI is making lower low which is the definition of hidden bullish divergence. Also RSI down trend has been borken and returned to support line.
The price is making higher low while RSI is making lower low which is the definition of hidden bullish divergence. Also RSI down trend has been borken and returned to support line.
It may mean change in the tread to bearish
Ethereum is forming falling wedge pattern on the daily chart with increasing volume, it should break our soon, first target 350 same like previous high.