Price and RSI movement and changes in trading volumes indicate a bearish divergence formation (4H TF)
The chart is testing 200EMA as resistance on the 4H Timeframe.
The RSI indicator indicates a weakening of the buyers on the 1H TF.
I believe the token could start a correction if it holds below the resistance level.
The chart is testing 200EMA as resistance on the 4H Timeframe.
The RSI indicator indicates a weakening of the buyers on the 1H TF.
I believe the token could start a correction if it holds below the resistance level.
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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.