The weekly RSI has been providing some support since the Corona Dump and has continued to be relied on during this entire bull run. Not to mention the bearish divergence we have been seeing since the middle of February
If this line breaks the next area of support would be:
51.5-52.5k area
44-45.5k area
38k (21 ema) - 40k area
Below this however (at least a 24 hour candle close) would be considered a macro change of trend
If this line breaks the next area of support would be:
51.5-52.5k area
44-45.5k area
38k (21 ema) - 40k area
Below this however (at least a 24 hour candle close) would be considered a macro change of trend