Hope you can give me input since I'm still nothing but an amateur in technical analysis. What I see on the 2hr chart is: - Bollingersqueeze coming up, with decline in Chaikin Money Flow and downwards movement of RSI, so expecting the squeeze to break downwards - Breakdown out of the rising wedge that was formed until yesterday and now trying to get back into this rising wedge but facing resistance up till now - Bearish divergence in all timeframes between chart and RSI
Should this mean we can count on a breakdown to resistance at 92$ and if rejected at 83$?
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