Hey there pals! BTC has been on an uptrend during the past week. It has been resepctin this rising channel on the 1hr.
One thing we can notice is the descending RSI!
Last bounce was on the 50 EMA, but the volume has been decresaing.
This two factors indicate an adjustment in price very soon.
This condition, price up - RSI down, cant' be maintained for twoo long!
We might see a pullback the the 31.4k or even 30.4k.
Good luck and good trades.
One thing we can notice is the descending RSI!
Last bounce was on the 50 EMA, but the volume has been decresaing.
This two factors indicate an adjustment in price very soon.
This condition, price up - RSI down, cant' be maintained for twoo long!
We might see a pullback the the 31.4k or even 30.4k.
Good luck and good trades.