8H/4H ema strong resistance
While I usually don't use moving averages in TA of BTC, it is notable that last 3 8H candles have closed within a few dollars of either side the 50 ema (yellow line) and below or at the upper trend line. 54980 also remains an important 8H level, as there have been a dozen touches and several candle closes at this level since March 9. A negative RSI divergence has developed since the 8H candle that closed yesterday at 2000 hrs EST.
This is also true on the 4H timeframe, which also shows a negative RSI divergence.
Note that immediately upon closing of the last 8H candle at 1200 hrs EST, BTC shot up $800, so clearly this level is being watched for a potential breakout.
BTC has not yet reached the 50 dma of 56517, and I am looking for a close on the 8H or become more constructive.
This is also true on the 4H timeframe, which also shows a negative RSI divergence.
Note that immediately upon closing of the last 8H candle at 1200 hrs EST, BTC shot up $800, so clearly this level is being watched for a potential breakout.
BTC has not yet reached the 50 dma of 56517, and I am looking for a close on the 8H or become more constructive.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.