on 4H we see btc broke the uptrend.
what you see on the 1H chart ?
- it hits the resistance line.
- divergence on RSI
- stoch RSI is on overbought area
=> the price will drop to 11000.
But if it can close upper the resistance line, we can short to target 11996
what you see on the 1H chart ?
- it hits the resistance line.
- divergence on RSI
- stoch RSI is on overbought area
=> the price will drop to 11000.
But if it can close upper the resistance line, we can short to target 11996
Note
yup it dropped to support level on daily chart
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Disclaimer
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.