I think we might have a wedge being played. There are several supports at 51k: trend from July, 0.62 fibo and wedge support.
In my experience, you can expect a fake breakout too.
The decline to 51k will also mean a triple divergence of the RSI. The target is 64k.
In my experience, you can expect a fake breakout too.
The decline to 51k will also mean a triple divergence of the RSI. The target is 64k.
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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.