As described in previous predictions, this is a reversal pattern. Inverted Head and Shoulders (INV HNS). With RSI divergence on the daily... there’s the rally, I spoke about.
40k is likely to reject and there is a potential of revisit to 30k, but more likely 33-36k... hopefully. But from a technical perspective, the pattern is complete. So it could be a very speedy turn around. It’s an expanding wedge with a bearish trend, which become INV HNS: reversal pattern.
It could also be painfully slow, but I don’t think so
40k is likely to reject and there is a potential of revisit to 30k, but more likely 33-36k... hopefully. But from a technical perspective, the pattern is complete. So it could be a very speedy turn around. It’s an expanding wedge with a bearish trend, which become INV HNS: reversal pattern.
It could also be painfully slow, but I don’t think so
