hello everyone
Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & support level of 17$( it was mostly the trend line).
For now we have divergence in RSI in 4 hours ,so the price may fail to break the resistance level and go back to our support level (or trend line) or worst ....
Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & support level of 17$( it was mostly the trend line).
For now we have divergence in RSI in 4 hours ,so the price may fail to break the resistance level and go back to our support level (or trend line) or worst ....