Striking similarities in the RSI and Wolfpack indicatior from before the bullish uptrend!
I think we will a retrace and the previous High will act as support again which would be a really healthy setup for bullish trend continuation.
If we break the green RSI support line we might go lower, but a fall under the support by -100 dollar is possible due to liquidation sell pressure.
Short term Bearish because we can see the same divergences as before although the RSI didnt pick up both.
No financial advice. Trade at own risk.
I think we will a retrace and the previous High will act as support again which would be a really healthy setup for bullish trend continuation.
If we break the green RSI support line we might go lower, but a fall under the support by -100 dollar is possible due to liquidation sell pressure.
Short term Bearish because we can see the same divergences as before although the RSI didnt pick up both.
No financial advice. Trade at own risk.