We arrived at an important level of correction (BTC played at Fibo 38.2 level, ie retracted 61.8), theoretically would be a potentially reversal zone.
The pair has respected the MA20 and is currently below it, which puts us still in a downtrend.
The RSI is below 50 and the low trading volume indicates a premanence in this zone or a little lower.
We can consider the possibility of the reaction proceeding to the next support (next yellow line), time in which the BTC reaches the oversold zone (RSI), before resuming the upward trend again.
The pair has respected the MA20 and is currently below it, which puts us still in a downtrend.
The RSI is below 50 and the low trading volume indicates a premanence in this zone or a little lower.
We can consider the possibility of the reaction proceeding to the next support (next yellow line), time in which the BTC reaches the oversold zone (RSI), before resuming the upward trend again.
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