BTC showing bullish divergences on daily

20 May 2022

BTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach 34k to 36K levels although we are in a bearish trend so they might not work, These divergences will be invalidated if price goes back to $29500 level and validated if we break $31500 so fingers crossed for a relief rally.

20 May 2022

İşlem kapandı: durdurma seviyesi

Bullish divergences invalidated price went below 29.5k level