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BlackchenOG
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So here's the reason why market drop
daily chart showing a regular bearish divergence where candle kept going up and rsi is going down.
this can also be verified by looking at the volume.
RSI at 40 nearly oversold at RSI 30
technically the divergence has already played it's role since RSI is now oversold.
while MACD is showing a bearish cross but since it's above zero it can only be a short term effect.
this can still go down to RSI 30
lets wait if EMA will give us a rejection and bounce the price back to a new ATH.
as of now it's kinda bearish looking to me.
this is just a guide and none of these are financial advice ๐ฅ
DYOR TAYOR #BTCโ
So here's the reason why market drop
daily chart showing a regular bearish divergence where candle kept going up and rsi is going down.
this can also be verified by looking at the volume.
RSI at 40 nearly oversold at RSI 30
technically the divergence has already played it's role since RSI is now oversold.
while MACD is showing a bearish cross but since it's above zero it can only be a short term effect.
this can still go down to RSI 30
lets wait if EMA will give us a rejection and bounce the price back to a new ATH.
as of now it's kinda bearish looking to me.
this is just a guide and none of these are financial advice ๐ฅ
DYOR TAYOR #BTCโ
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