Bit seems like wants to repeat the pattern which it did last 3 times , with breaking the raising support line.
On Average after we break this key area , we got a 25-30% move to the downside.
From moving average perspective BIT was rejected by EMA 55 once again.
On the daily RSI we can see that Hidden Bearish Diverge is forming once again.
On the daily MACD we can see a crossover to the downside will occur as soon as today.
I can offer very little hopium as it will be if we reclaim the 1.40$ thus making a new higher high.
Interested to see your toughs and opinions in the comment section, thanks.
On Average after we break this key area , we got a 25-30% move to the downside.
From moving average perspective BIT was rejected by EMA 55 once again.
On the daily RSI we can see that Hidden Bearish Diverge is forming once again.
On the daily MACD we can see a crossover to the downside will occur as soon as today.
I can offer very little hopium as it will be if we reclaim the 1.40$ thus making a new higher high.
Interested to see your toughs and opinions in the comment section, thanks.