Recent uptrend was evidently just a retest of the channel and price was rejected. Channel's measured move is 477 sats. It is not clear if the large wick down fulfilled the channel's measured move target. If not, price will go even further down logically forming a double bottom.
The RSI is on the bearish side below 50% and with plenty of room to drop.
Price must break back into the channel to be bullish.
1626 sats is guaranteed in the future, but it must be determined if price takes the long or short path.
The RSI is on the bearish side below 50% and with plenty of room to drop.
Price must break back into the channel to be bullish.
1626 sats is guaranteed in the future, but it must be determined if price takes the long or short path.
Commentaire:
short path taken. All upper target reached.
