BTC pumped 14% after breaking out of the ichimoku cloud. Price is above the cloud, which is bullish. This is supported by the Supertrend Ninja clean (green vertical line). Also this was the area where the price moved to the upper part of the Bollingerband. RSI is above 70, this is where the gains usually are made.
The VPVR is showing heavier resistance around 47-48K. The bearish orderblock is around 46,600 USDT as well. RFight now the next (grey) resistance is around 45,500 USDT. the Constance Brown RSI is showing bearish divergence at this moment. The CCI is oversold as well. A retrace before another leg up, or sideways action before another leg up is likely.
Supports and Resistances are highlighted as grey blocks.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
The VPVR is showing heavier resistance around 47-48K. The bearish orderblock is around 46,600 USDT as well. RFight now the next (grey) resistance is around 45,500 USDT. the Constance Brown RSI is showing bearish divergence at this moment. The CCI is oversold as well. A retrace before another leg up, or sideways action before another leg up is likely.
Supports and Resistances are highlighted as grey blocks.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
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