As you can see, on the 4hr chart, the MACD and RSI have both been forming bearish divergences for a while.
Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K)
Good luck everyone!
Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame perspective
Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K)
Good luck everyone!
Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame perspective