This 8H BTC.D chart is showing signs of a potential bullish reversal setup within a falling wedge, supported by RSI channel divergence and MACD structure.
Price Action:
• BTC.D is compressing within a falling wedge, marked by lower highs and higher lows.
• Price is currently near the lower boundary of the wedge, with confluence at the 0.236 Fibonacci level (65.05%) and historical HL zone.
• A break above the wedge resistance would signal trend reversal or continuation toward 66% - 67%.
RSI Momentum:
• RSI mirrors price by forming a descending channel, with multiple bullish bounces at lower support.
• Repeated touches on the lower band suggest momentum divergence building from oversold conditions.
• A break of RSI’s trendline would confirm bullish shift ahead of price breakout.
MACD Histogram:
• Flattening after bearish pressure, signaling that sellers may be losing momentum.
• Watch for cross up to accompany price breakout for stronger confirmation.
📌 Key Takeaways:
• Bullish reversal potential building within wedge
• RSI showing leading divergence from price
• Break above 65.5% zone could trigger a move to 66.0%–66.3%
• Breakdown of wedge invalidates the structure → next support: 64.46%
Price Action:
• BTC.D is compressing within a falling wedge, marked by lower highs and higher lows.
• Price is currently near the lower boundary of the wedge, with confluence at the 0.236 Fibonacci level (65.05%) and historical HL zone.
• A break above the wedge resistance would signal trend reversal or continuation toward 66% - 67%.
RSI Momentum:
• RSI mirrors price by forming a descending channel, with multiple bullish bounces at lower support.
• Repeated touches on the lower band suggest momentum divergence building from oversold conditions.
• A break of RSI’s trendline would confirm bullish shift ahead of price breakout.
MACD Histogram:
• Flattening after bearish pressure, signaling that sellers may be losing momentum.
• Watch for cross up to accompany price breakout for stronger confirmation.
📌 Key Takeaways:
• Bullish reversal potential building within wedge
• RSI showing leading divergence from price
• Break above 65.5% zone could trigger a move to 66.0%–66.3%
• Breakdown of wedge invalidates the structure → next support: 64.46%
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.