Looks like an bullish divergence, but there is also an descending resistance..
Short term target 8950
If rsi breaks above 51-52 on the 4h this could have a very nice pump,
If they break below upcoming support line on rsi this can still go deep..
If break below 8500 we could see 7300..
But for now short term bullish if descending resistance is broken on rsi we could break out of the descending line that has been forming on the daily
Don’t short when price gets above 9100 and breaks 100MA on 4h
Don’t long when price gets below 8500
Short term target 8950
If rsi breaks above 51-52 on the 4h this could have a very nice pump,
If they break below upcoming support line on rsi this can still go deep..
If break below 8500 we could see 7300..
But for now short term bullish if descending resistance is broken on rsi we could break out of the descending line that has been forming on the daily
Don’t short when price gets above 9100 and breaks 100MA on 4h
Don’t long when price gets below 8500
