The long-term downtrend line of the RSI has broken upwards on the weekly time frame. Do you think this trend can be considered a pullback to the broken level with a positive divergence?
Do you think we should react to the midline of the long-term descending channel from here?
Of course, there is still a high probability of seeing the $13,000 range, but what if we have an advance and again a downward trend!?!?
We would be happy to hear your comments
Do you think we should react to the midline of the long-term descending channel from here?
Of course, there is still a high probability of seeing the $13,000 range, but what if we have an advance and again a downward trend!?!?
We would be happy to hear your comments
Trade active
For now, according to the analysis, we had a positive reaction to the middle line of the channel.It seems that the possibility of advancing to the $20,800 range is not so unlikely.
Of course, it should be seen whether it is possible to cross the range of $18,200 or we will have a change in this range.
Trade active
According to the analysis, an increasing trend of 38% was formed from the pullback to the downward trend line.The descending channel has been broken to the top
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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.