Technical analysis and its findings:
Positive for growth is the fact that strong current support at $ 9,000 has repeatedly bounced the price and confirmed the strength of bulls in this area
The negative for the price is that the RSI is on charts from 5M to 4H at a critical level overbought
On 1D we see on RSI Higher Highs and Lower lows in price action, which means bearish divergence
We also have a strong resistance at $ 9,500 and then $ 10,000
Trading tips:
Open Long orders around $ 9000 SL 5%
Open Short orders around $ 9500 SL 5%
Positive for growth is the fact that strong current support at $ 9,000 has repeatedly bounced the price and confirmed the strength of bulls in this area
The negative for the price is that the RSI is on charts from 5M to 4H at a critical level overbought
On 1D we see on RSI Higher Highs and Lower lows in price action, which means bearish divergence
We also have a strong resistance at $ 9,500 and then $ 10,000
Trading tips:
Open Long orders around $ 9000 SL 5%
Open Short orders around $ 9500 SL 5%
