on the RSI indicator in TF H1 it has experienced oversold at point 20.9 RSI also uses a scale from 0 to 100, a number below 30 indicates oversold, while a number less than 30 indicates oversold, so it is likely to rise #Binance #AEVO/USDT
on the RSI indicator in TF H1 it has experienced oversold at point 24, RSI also uses a scale from 0 to 100, a number below 30 indicates oversold, while a number less than 30 indicates oversold, so it is likely to rise
Currently, BTC has broken from the LTF area but the HTF has not been broken. On the 1 hour time frame, BTC has formed a bearish box area pattern as a marker for the soup area which will hold if it breaks from the 64.7k area, next move target to 66-67k. If it is fake out and rejected from this area, BTC will again experience a decline to 60k.
The current area is quite crucial because it is in a fairly high risk area to take a long or short position.