This is an update to my earlier idea. Please see my other Bullish Scenario 1.
We are still targeting 854 to 890 sats as per earlier idea but the top is near. We seemed to be in a wedge formation and this also indicates it will break down sooner or later.
Just to put things into perspective:
We rose from 350 sats on the 9th of March until 850 sats today on the 20th of April.
That is 141% gain in only 42 days.
A correction is imminent and this is the top or it's very near to it.
RSI: Bearish divergence on the 2,3,4,6,8 hr.
Oversold on 12 hr and daily.
We are still targeting 854 to 890 sats as per earlier idea but the top is near. We seemed to be in a wedge formation and this also indicates it will break down sooner or later.
Just to put things into perspective:
We rose from 350 sats on the 9th of March until 850 sats today on the 20th of April.
That is 141% gain in only 42 days.
A correction is imminent and this is the top or it's very near to it.
RSI: Bearish divergence on the 2,3,4,6,8 hr.
Oversold on 12 hr and daily.
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