Interesting patterns forming on the Renko. Rising wedge breakdown with a retest the 8th of Feb. Bearish flag invalidated at a break of the .5 fib at 50,000.
Support building up with a series of higher lows.
Support building up with a series of higher lows.
Note
Note
renko divergence forming coming down fast from rising wedge resistance. horizontal support vital to keep to prevent visiting low 20's.Note
As explained above it is vital we hold horizontal support. RSI flashed into oversold conditions, wicks are forming underneath the candles which is a good sign that bottom is approaching
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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.