I expected the price to go higher till about 12k-13k before any futher up/down movement. But now I feel the bounce from 6k does not have enough power. It broke the down sloping trendline
, did retracement, but lacks power to followup higher. The rise from 6k is with lower lover volumes. RSI
in (4H) also show bearish
divergence with the price.
Horizontally... it was forming a H&S
, but lacks the power to form the structure fully... on the 2nd sholder. Retest below 8,000 looks like another sell-off.
Lets see how the running 4H candle behaves.... if its successful in breaking the bearish
rising Triangle pattern
, downwards ?