The pair was rejected by strong gray resistance, with bearish RSI divergence.
The ascending wedge (green trendlines), is also about to be broken.
Higher probability is for another leg down, initially targeting recent lows around 101.
The ascending wedge (green trendlines), is also about to be broken.
Higher probability is for another leg down, initially targeting recent lows around 101.
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📈 Experienced Crypto trader
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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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.