NFA, DYOR
Today is CPI are coming, expect volatility.
Price is compressed in tight range.
We are on major resistance (previous support-red lines), with descending trendline, and overbought RSI on daily with hidden bearish divergence.
I would not buy here, only if price breaks all this and came back from retest.
More possible scenario is the price come back to ascending support trendline (dotted line), and if it does not hold, new lows will be formed (box below-10-14k).
Stay safe.
Today is CPI are coming, expect volatility.
Price is compressed in tight range.
We are on major resistance (previous support-red lines), with descending trendline, and overbought RSI on daily with hidden bearish divergence.
I would not buy here, only if price breaks all this and came back from retest.
More possible scenario is the price come back to ascending support trendline (dotted line), and if it does not hold, new lows will be formed (box below-10-14k).
Stay safe.