BTC 4H Bullish Divergence/Falling Wedge

1 May 2022

Although the 3D chart looks very bearish, we have found support at our downwards sloping support on the 4H. This has created a bullish divergence with lower lows in price action and higher lows on the RSI as labeled in the chart (Black Arrows). We are also in what seems to be a falling wedge pattern (pink lines) which generally breaks out to the upside.