Let us look at what chart is throwing at us.
We can see a Hidden bearish divergence in daily chart of Price and RSI of XBTUSD .
While price has made a lower high, RSI has made a higher high.
Also, we can see that 8800-9000$ is acting as a very strong resistance zone and is acting as a historical S/R line.
If $XBTUSD corrects from here, next area to look out as support will be 8500$ and 8000$-8200$
Happy Trading !
Please hit like if you like the idea.
We can see a Hidden bearish divergence in daily chart of Price and RSI of XBTUSD .
While price has made a lower high, RSI has made a higher high.
Also, we can see that 8800-9000$ is acting as a very strong resistance zone and is acting as a historical S/R line.
If $XBTUSD corrects from here, next area to look out as support will be 8500$ and 8000$-8200$
Happy Trading !
Please hit like if you like the idea.
Commento:
