📌The daily view is forming a local bottom and the price is moving into an oversell area.
(bull div RSI daily📈)
⚡️In my opnion, the price is moving into this kind of falling wedge (HTF).
Mid term scenario📉:
We might see a dump toward the 0.03400 - 0.03500$ zone corresponding to the double bottom daily (HTF) & the lower trend of the wedge.
Short term TF scenario📈:
The current price is neutral (H4 - H1 view) & facing many resistances.
Regarding the weekly view and the bull div RSI, we should see a retest of the 0.4600 - 0.4500$ zone which correspond to the flat tenkan (weekly retest)
Local buy zone; 0.03800 - 0.03850$ (for short term scenario - SWING) 📈
⚡️Key supports:
0.03800 - 0.03750$
0.03500 - 0.0340$ area
⚡️Key resistances;
0.04080 $
0.04300$ area
0.0450- 0.04600$ area
Invalidation for the bearish scenario (mid term): If daily close above 0.04600$
#crypto2023 #dyor #rose #crypto #bitcoin
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Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado.Lee los TyC.
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