From what I see, the price action dipped below the macro support region highlighted with the yellow box.
However, this region was able to hold support and the price retracted upwards creating a nasty wick and currently trading at the support level of 27.7-28.5K.
The created lower lows are so far met with a higher low on the RSI and MACD oscillators, which could indicate a possible BULLISH DIVERGENCE on the 1D timeframe.
I am no expert, but this is what I could see?
Can you see it too?!
However, this region was able to hold support and the price retracted upwards creating a nasty wick and currently trading at the support level of 27.7-28.5K.
The created lower lows are so far met with a higher low on the RSI and MACD oscillators, which could indicate a possible BULLISH DIVERGENCE on the 1D timeframe.
I am no expert, but this is what I could see?
Can you see it too?!