𝘼𝙍𝙀 𝘽𝙄𝙏𝘾𝙊𝙄𝙉 𝘽𝙐𝙇𝙇𝙎 𝙃𝘼𝙉𝘿𝙎 𝙂𝙀𝙏𝙏𝙄𝙉𝙂 𝙐𝙉𝙎𝙏𝙀𝘼𝘿𝙔?
$20,000 is undoubtedly going to be a tough price to break through; however it will be even harder with trading volume decreasing. We are at the base of the short term rising channel right now; however there is plenty of reason to expect us to return back into the larger trend we have been seeing since March...
The RSI is currently flashing a bearish divergence, however it's very subtle - which is usually not a strong indicator of change. I think the more important aspect here is that it broke the trend line it had been forming through this short rally as has failed to get back above the trend.
Overall, I can see an argument for a drop back as low as $15,000 while still being a bullish rally. So those are the areas of interest right now, either a break of $20k or a drop back to $15k.
#crypto
$20,000 is undoubtedly going to be a tough price to break through; however it will be even harder with trading volume decreasing. We are at the base of the short term rising channel right now; however there is plenty of reason to expect us to return back into the larger trend we have been seeing since March...
The RSI is currently flashing a bearish divergence, however it's very subtle - which is usually not a strong indicator of change. I think the more important aspect here is that it broke the trend line it had been forming through this short rally as has failed to get back above the trend.
Overall, I can see an argument for a drop back as low as $15,000 while still being a bullish rally. So those are the areas of interest right now, either a break of $20k or a drop back to $15k.
#crypto
