seems we have bottomed on 2W RSI not necessarily mean we have bottomed on the price.
testing resistance at 40.38 RSI, if BREAKS above, next resistance is 45.95. What does that mean?
If the week starts bullish on 7/11/2022, we could see 25-30% pump until December 4 i.e. 27-29K
If bearish, and we break price bottom of 17592(highly unlikely), we could see bullish divergence in 2W RSI,
that could be the best entry (If Happens)
In previous two cycles, the second bottom was on RSI 40.38 (blue line). Lets see if it does the same once again?
The actual bull run starts when it makes RSI 45.95 support on 2W timeframe.
testing resistance at 40.38 RSI, if BREAKS above, next resistance is 45.95. What does that mean?
If the week starts bullish on 7/11/2022, we could see 25-30% pump until December 4 i.e. 27-29K
If bearish, and we break price bottom of 17592(highly unlikely), we could see bullish divergence in 2W RSI,
that could be the best entry (If Happens)
In previous two cycles, the second bottom was on RSI 40.38 (blue line). Lets see if it does the same once again?
The actual bull run starts when it makes RSI 45.95 support on 2W timeframe.