Recently a trend breakout on the chart.
RSI - a bullish divergence
I am bullish on this trade, but current covid crisis may ruin the party. If all goes well it is gonna hit 48-50 soon.
Please DYOR before investment, above mentioned details are just for educational purpose only.
I might sound crazy but as per technical indicators it looks like a price correction is incoming very soon. We might see 56K and 40K levels, but these are my thoughts only:)
RSI - Strength is slowly on the decline even after the bitcoin price printed a new ATH on the charts.
What are your thoughts?
A trend breakout - This could be a very good swing trade for 1st target of 467 and little long term target can go up to 550. Please keep in mind that corona cases are on the rise so market sentiment can go into a different direction as well so please DYOR before investing.
Most of the indicators are showing selling pressure except the moving average. As per daily chart, it looks like a falling wage. Expecting a support and bounce from the 355 price range as the last gap up area will act like a support. According to my analysis Stop loss limit of 349 should be enough, and it should run a next leg up and form a double top pattern with...