The market is extremely bearish.
IMO this looks like a falling wedge that has good possibility to break bullish though.
RSI had bullish divergence. MACD looking close to crossing.
Would expect it go to 41.5k or possibly higher if it does.
Break down would likely go to 35k once again.
IMO this looks like a falling wedge that has good possibility to break bullish though.
RSI had bullish divergence. MACD looking close to crossing.
Would expect it go to 41.5k or possibly higher if it does.
Break down would likely go to 35k once again.