This long red candle in this position tells me it is an emotional move, and the price hasn’t enough momentum to continue the downtrend. In addition, we have lower lows on price and higher lows on the RSI ; yes, we have divergence on RSI .
So don’t rush to open a sell position.
In my opinion, the price trend will reverse and go up. The first target is $44.5K.
APE – Cup and handle pattern APE / TetherUS BINANCE:APEUSDT Lucas_Woolson APEUSDT is going up trend after it breaks the resistance level between 17 – 17.5 ” To use the scanner for free, join my […]
AXSUSDT – Weekly Technical Analysis Update AXS / TetherUS BINANCE:AXSUSDT ForecastCity_World Midterm forecast: While the price is above the support 37.6000, beginning of uptrend is expected. We make sure when the resistance at 91.0875 breaks. […]
BTC LONG POSITION ALERT!!! Bitcoin / U.S. dollar BITSTAMP:BTCUSD OmidBK2003 I will provide everything to have a long from the pointed area. Every correction goes for another pump…!