✅ Possible RSI divergence
✅ Macd convergence
✅ Trendline acting as support (RETEST)
🚨 Rejection from POC + EMA 50 resistance,
In order for the market sentiment to get changed we need to flip POC (RED LINE) and test local resistance (White Line) for now I expect price to retest the 1h support at (46200ish).
MACD seems bullish but RSI and EMAs are still bearish. RSI bullish divergence can be found, but it too early to say, will we see any confluence on that!
✅ Macd convergence
✅ Trendline acting as support (RETEST)
🚨 Rejection from POC + EMA 50 resistance,
In order for the market sentiment to get changed we need to flip POC (RED LINE) and test local resistance (White Line) for now I expect price to retest the 1h support at (46200ish).
MACD seems bullish but RSI and EMAs are still bearish. RSI bullish divergence can be found, but it too early to say, will we see any confluence on that!