4Hr chart has a strong and clear divergence on RSI
The RSI is overbought on most time frames.
Pirce has found itself at an area of structural resistance.
A small trade could be entered to ride the price down. The 1 hour chart shows a bearish candle forming outside the trendline .
My preference is to wait until the lower trend line is broken then price should free fall.
The other scenario is price retests the upper (pink trend line and respects that and continues a bullish rally)
The RSI is overbought on most time frames.
Pirce has found itself at an area of structural resistance.
A small trade could be entered to ride the price down. The 1 hour chart shows a bearish candle forming outside the trendline .
My preference is to wait until the lower trend line is broken then price should free fall.
The other scenario is price retests the upper (pink trend line and respects that and continues a bullish rally)
Will wait and see, most likely a bounce up