On the 4 hours time-frame of
BTCUSD
, a bearish divergence is identified on the Relative strength index (RSI), which indicated a possibility of trend reversal.
The current price is currently traded below the 14 period simple moving average (SMA) and trapped between the two fractals (between the red lines). It is highly thought that the price will visit low levels as it is also traded around a supply area. However, if BTC break upward, then 10.300 is the next target.
What do you think?
BTCUSD
, a bearish divergence is identified on the Relative strength index (RSI), which indicated a possibility of trend reversal. The current price is currently traded below the 14 period simple moving average (SMA) and trapped between the two fractals (between the red lines). It is highly thought that the price will visit low levels as it is also traded around a supply area. However, if BTC break upward, then 10.300 is the next target.
What do you think?
Trade closed: target reached