M-TOP and Bearish divergence on RSI
Bearish Divergence
RSI 80% = New High - 0.9733
RSI 75% = New High - 0.9761
RSI 69% = New High - 0.9773
as we can see RSI is giving lower highs for each new high in price. by this we can interpret that bearish divergence is formed. RSI is not able to support price momentum and soon we can see break on downside.
by seeing the chart we can also predict M-TOP pattern formation
RSI 80% = New High - 0.9733
RSI 75% = New High - 0.9761
RSI 69% = New High - 0.9773
as we can see RSI is giving lower highs for each new high in price. by this we can interpret that bearish divergence is formed. RSI is not able to support price momentum and soon we can see break on downside.
by seeing the chart we can also predict M-TOP pattern formation
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