Hi all!
Going to keep this update quick.
Looks like we're seeing a bearish divergence on the 4HR RSI that coincides with a second test of the Bollinger Band's lower channel.
Could see us retesting the top of the downtrend resistance-turned-support line between $7900-8250.
Conclusion:
We're in no mans land.
- Definitely do not open any longs here
- Definitely do not open any shorts here
If you can't handle the risk associated with a fall back into "bearish" territory, consider shaving off some of your position here.
Going to keep this update quick.
Looks like we're seeing a bearish divergence on the 4HR RSI that coincides with a second test of the Bollinger Band's lower channel.
Could see us retesting the top of the downtrend resistance-turned-support line between $7900-8250.
Conclusion:
We're in no mans land.
- Definitely do not open any longs here
- Definitely do not open any shorts here
If you can't handle the risk associated with a fall back into "bearish" territory, consider shaving off some of your position here.
Catatan
Larger timeframe outlook for reference. Doesn't look as horrible on the daily, but the divergence is still there.
Be careful trading!!
Catatan
Catatan
Squiggly line prediction doing pretty well
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.