Hi
MACD is showing some bullish divergence in the daily timeframe
RSI is yet to find any hidden divergence
Two scenarios can play out
1.We can have a potential break to our bearish trend line and price increases to 50K
2. Price further decrease and retest between 36K and 37K then look to break the bearish trend
We might have some consolidation if point 2 is full filed and then price might increase to 50K
Good luck
MACD is showing some bullish divergence in the daily timeframe
RSI is yet to find any hidden divergence
Two scenarios can play out
1.We can have a potential break to our bearish trend line and price increases to 50K
2. Price further decrease and retest between 36K and 37K then look to break the bearish trend
We might have some consolidation if point 2 is full filed and then price might increase to 50K
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.