BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in which indeed the MACD line passes below the Signal line. However, we are getting closer to 200EMA resistance and to the trend line which will work as strong support. For this reasons, if such a structure were to be invalidated we suggest to take a short position as the following:
Entry price: $22700
Target price: $22400
*30X Leverage
Entry price: $22700
Target price: $22400
*30X Leverage
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.