oicrambs

Important Reversal Zone (Potentially)

POLONIEX:BTCUSDT   Bitcoin / Tether USD
We arrived at an important level of correction ( BTC             played at Fibo 38.2 level, ie retracted 61.8), theoretically would be a potentially reversal zone.
The pair has respected the MA20 and is currently below it, which puts us still in a downtrend.
The RSI is below 50 and the low trading volume indicates a premanence in this zone or a little lower.
We can consider the possibility of the reaction proceeding to the next support (next yellow line), time in which the BTC             reaches the oversold zone ( RSI ), before resuming the upward trend again.

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