Doji formation on 1D chart at the top of the bearish wedge channel, that can be seen on the 1W or 1D. This has proved to be a strong resistance, and may signify a reversal, as RSI is severely overbought. Of course this trend can break out at any time, so we are looking for the 1D to close as a Doji to signify a reversal. This is a major area of value, so watch for the signs very closely.
If this plays out, bottom of trend will be $11800 - $12,300
Also, there is a sign of a bearish Divergence in the RSI, however a break upwards would most likely diminish that.
If this plays out, bottom of trend will be $11800 - $12,300
Also, there is a sign of a bearish Divergence in the RSI, however a break upwards would most likely diminish that.
