Not a good look here. Think 3-day RSI tests 50-40 area.
Yorum
⋅
Fake out. Upwards consolidation still in play!
Yorum
⋅
If we're consolidating upwards. I'm targeting 92k.
Yorum
⋅
If we break down this is what I'm seeing.
Yorum
⋅
Nice bounce off kumo twist @56k. I don't want to see a close below otherwise upwards consolidation play is done for.
Yorum
⋅
Fractal comparison update. Redrew the squiggly to fit the time frame a bit better.
Yorum
⋅
uPwArDs CoNsOlIdAtIoN
Yorum
⋅
3 Day bearish divergence on RSI negated. Conservative 1st target zone 68-74k. Blow off top 92k-120k.
Yorum
⋅
RSI currently sitting on 44. 2016/2017 bull run respected this level. Would Ideally like to see this hold, but price action seems to want to see lower.