BTC has divergence on the 1D RSI. We are also looking for a decent pullback to help the general bull trend.
The 50% line at 8358 is a good target, with some additional support from mid-April and mid-May.
The 50% line at 8358 is a good target, with some additional support from mid-April and mid-May.
Trade closed: target reached
but there is still some way to go.The long term line in purple coincidences with .786 retracement level giving some reasonable support. However, I expect the 1day RSI to hit 30% before any meaningful movement upwards occurs.
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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.