Bearish divergence on RSI and MACD...
Bearish divergence on RSI and MACD on the hourly charts, plus I see a little heads and shoulders forming, signalling a likely drop to 
42K, and then further downside thereafter.
On the daily we are forming the handle to a cup and handle pattern, see:
.. so this drop to42K + further downside may lead to the completion of it.
On the other hand, the drop to42K (or lower) could just be a 'Subwave B' correction of an ABC, leading up to 34k-35k, that possibility exists too. We are heading into the weekend, so the weekend activity may push it to 34k-35k before the handle is complete.
42K, and then further downside thereafter.On the daily we are forming the handle to a cup and handle pattern, see:
.. so this drop to
42K + further downside may lead to the completion of it.On the other hand, the drop to
42K (or lower) could just be a 'Subwave B' correction of an ABC, leading up to 34k-35k, that possibility exists too. We are heading into the weekend, so the weekend activity may push it to 34k-35k before the handle is complete.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.