This coin is showing all the life signs of being a real big hitter potentially at the start of a bull run.
But short term the daily RSI is showing bearish divergence and so we'll be looking for it to drop off a bit, perhaps to around 50-60 or at support depending on whether it is a or a continuation pattern pattern sharp correction .
That said FOMC meeting will be next week and along with debt ceiling issues there may be some turbulence, so we'll see. If BTC gets rocked then this may go lower so not looking to rush in as there may be discounts in the pipeline.
Overall this looks very bullish but there are some potential bumps in the road.
Not advice.
But short term the daily RSI is showing bearish divergence and so we'll be looking for it to drop off a bit, perhaps to around 50-60 or at support depending on whether it is a or a continuation pattern pattern sharp correction .
That said FOMC meeting will be next week and along with debt ceiling issues there may be some turbulence, so we'll see. If BTC gets rocked then this may go lower so not looking to rush in as there may be discounts in the pipeline.
Overall this looks very bullish but there are some potential bumps in the road.
Not advice.
Comment:
Don't forget to check my first BTC video - linked below 👍🏻.
Comment:
TV is too atomised for me to remember to update all my threads these days, but as I suggested the 50-60 RSI range was a prefect entry point - it found a low at 47.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group 🧐
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
