as we have seen an ferocious attack from bears to sink the price even more, the RSI and volume shows us they lack the force needed to continue doing so. that being said despite many reading I've had about a free fall i'm confident in minor price recovery or at least sustain on main supports technically speaking of course, what worries me is the lack of confidence...
Once broken our first resistance (green line) around $6700 it is probably going to our second resistance around $6100, although the price is holding currently on $6400 and looking at the RSI oversold the worst case scenario we can see BTC coming down to a $5800 again where it was on 12 Nov 2017 and 29 Jun 2018 when it started to climb.
PS. I know this lacks of...
yes... we're out of a tedious descending channel, but look closer folks! we're having divergences between a descending volume and the day's prices, although our RSI is telling us that the 0.78 fib level isn't at large, we'll have to wait and see what our sea friends are up to! its your call whales! are you going to get more BTC or take profit this weekend??
P.s...
ADA/BTC looks a little overbought on RSI is still a good idea to keep an eye on it due its behavior of the past 3 days in a market of incertitude, this may be a good trade to take if you can afford the risk in mid-long terms
Looks like we're going to see ETH below $400 support or at least is in that area or might be a little below the support is IMO, any way i'd like to hear from you what you think about the decreasing volume and the flags has been forming on the previous candles... could be a change on tendency perhaps.. or we are defo tied to BTC general tendency? ps. feel free to...