Reason the price drop:
Clear divergence on 1HR time frame. Candles were printing the higher high's while the RSI indicator started printing divergence, which caused the price drop from $361 to $340.
Clear divergence on 1HR time frame. Candles were printing the higher high's while the RSI indicator started printing divergence, which caused the price drop from $361 to $340.
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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.