Currently, a hidden negative mismatch exists in the correlation between the price and the relative strength index in the 4-hour timeframe.
The fact that the price received a rejection response from the 200 hourly simple moving average affects our situation even more negatively.
A simple ABCD setup and the values of the lower band of the channel we are currently in lead us to the $16,500 price target.
The fact that the price received a rejection response from the 200 hourly simple moving average affects our situation even more negatively.
A simple ABCD setup and the values of the lower band of the channel we are currently in lead us to the $16,500 price target.