The chart is depicting one of the patterns that is known to be . That patter in a divergence. We have higher highs on price but lower highs on . Shown by 2 blue lines on the chart.
If this plays out where does the TA leaves us? To me 6413$ level will be a place to keep an eye on and if it is broken, 6200$ is the level to watch. I am not short yet and I am waiting for 6500$ to be broken before considering this.
I will keep this post brief as I am still waiting for a few catalyst to happen then I will update you as days go by.
If you like this TA please give a thumbs up. Have a great weekend ahead.