BTCUSD
The horizontal lines shows the support at lower levels.
Resistance at higher levels.
RSI is exiting the oversold zone on daily chart.
Consolidation at lower horizontal demand zone
can be seen in time to come before moving higher.
The demand zone can be 32700-28000.
Breakout above 43500 could be difficult immediately.
But if the breakout is witnessed then
expect the rally back to 52000-60000 zone.
Ideally lower level consolidation can help.
We may see positive divergence on RSI develop from here on
if dip to 32700-28000 range.
The levels of 28000 can be key for short to medium.
The horizontal lines shows the support at lower levels.
Resistance at higher levels.
RSI is exiting the oversold zone on daily chart.
Consolidation at lower horizontal demand zone
can be seen in time to come before moving higher.
The demand zone can be 32700-28000.
Breakout above 43500 could be difficult immediately.
But if the breakout is witnessed then
expect the rally back to 52000-60000 zone.
Ideally lower level consolidation can help.
We may see positive divergence on RSI develop from here on
if dip to 32700-28000 range.
The levels of 28000 can be key for short to medium.