On a hourly time frame, bicoin is showing a divergence in RSI.
The coin has been respecting a trend line and the RSI has been falling.
If there is a breakdown in a structure the coin can take support at 41980 and 37700.
The trade setup is good and targets are achievable.
Wait for the candlestick chart pattern to form near the trendline support.
The coin has been respecting a trend line and the RSI has been falling.
If there is a breakdown in a structure the coin can take support at 41980 and 37700.
The trade setup is good and targets are achievable.
Wait for the candlestick chart pattern to form near the trendline support.
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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.
Related publications
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.