divergence signal on RSI & stoch RSI => the uptrend still go on
- after breaking up the 10800, it sharps the uptrend line (yellow dotted line). we can see the hidden divergence on RSI & stoch so it would be 12150 at least
& one more thing we need to consider is the volume, the volume is fairly good
on daily chart we can see the doji candle is in development => we can have a positive feeling
- 4H it broked the uppper resistance
MACD crossed up the signal
- the EMA9 is under EMA18
=> the price could hit 11560
can you see the falling wedge like me ?
do you see the support line at 10030$ ?
can it close the candle above the upper resistance line of the falling wedge(11200) ? to come to 12k
or it will kill us if break the support & the lower support line ?
in 4H chart
- we can see there're some clearly supports for btc/usdt: the rectangle, 2 support lines
- we can see divergence line on RSI in progress
price will back to the EMA-18, and if it can break the resistance line, our target will be 12139 or 12449
In short time, we can see the EMA50 around 11900, and i broke the trend
Because it broke the uptrend in 1H timeframe so i think it still down to 10000 but before doing that it should back to 11800 to retest, the reasons for it:
- the EMA50 is around 11900
- the stoch RSI is ok
we can see btc touches the resistance line, but there're a small gap because of fibo 1.272
so for safety, let's wait for it breaks 9655, good point to join and get profit at least 9945
but i still prefer a correction wave to 9346 because now the RSI & stoch are in overbought area
daily chart: i use green color
so clearly btc is on uptrend,but on daily chart, still need to be care full at very important price around 8300, because it may be forming head & shoulders pattern
=> bearish signal
on 4H: i use orange
- on 4H chart btc broke down trend, up to 8800, 9030
on 4H frame
if price can break the resistance line (dotted line)
it will back to 14.182 soon.
on 1H frame
Stoch RSI is in overbought are, so it need to correct,
bollinger and EMA also the same and will up to target as we see in 4H
Downtrend as the purple line on 4H frame, basically the buyers try to push the price touch the purple, and it also mean re-confirm the breaking down of 2 orange uptrend lines.
In bad situation, we can see there's support at 7260 on daily trend( the green line)
-tg2: 8400 or when touching the purple