Altough bitcoin is hitting key long term support, i do expect a pullback to sub 7600 and basicly playing out a bullish divergengence on the daily RSI . The last two times that happened(yellow arrows) ,bitcoin rallied . Therese no such thing right now so i expect a very weak rally at first pass followed by a sharp selloff (price going sub trend line) .Higher low on...
Hello Traders!
Today’s chart update will be on AIONBTC where we have visibly increasing bull volume as structural resistance gets tested.
Points to consider,
- Trend still range bound
- Structural support – Accumulation
- Structural resistance yet to break
- Stochastics in upper regions
- RSI at overbought
- Volume increasing
AION’S trend is still range...
