Hello friends
As you can see, we have reached the overbought range in RSI in 4H, so we will see a decline soon. But the question is how far this decline will continue. As shown in the picture, we have three important levels. One is around 21200 and the other is around 19000. My personal opinion is that there is currently a lot of excitement in the market, which can be concluded from today's fear and greed index. Therefore, a return to the level of 21,000 is a bit far from expected. At least for the moment. Still, the candles did not show their behavior for the bearish market, so we have to be patient and see the next move of Mr. Market Maker.
be profitable
As you can see, we have reached the overbought range in RSI in 4H, so we will see a decline soon. But the question is how far this decline will continue. As shown in the picture, we have three important levels. One is around 21200 and the other is around 19000. My personal opinion is that there is currently a lot of excitement in the market, which can be concluded from today's fear and greed index. Therefore, a return to the level of 21,000 is a bit far from expected. At least for the moment. Still, the candles did not show their behavior for the bearish market, so we have to be patient and see the next move of Mr. Market Maker.
be profitable