This is why you always start by looking at the macro, then go micro.
Bearish: 3D and 1D charts show massive resistance trendline where recent highs were. Top of Kumo cloud also sits there.
Bullish: Recent 1D and 4H trends are bullish, KD cross on StochRSI, RSI staying above 50 and cloud is about to turn green.
Overall this is a long term bearish trend with a bullish trend inside of it.
A break of the long term downward trend could allow us to test the 64k resistance and then the ATH levels.
A break of the shorter term bullish trend could allow us to fall to previous resistance turned support as well as the buttom part of the cloud.
Bearish: 3D and 1D charts show massive resistance trendline where recent highs were. Top of Kumo cloud also sits there.
Bullish: Recent 1D and 4H trends are bullish, KD cross on StochRSI, RSI staying above 50 and cloud is about to turn green.
Overall this is a long term bearish trend with a bullish trend inside of it.
A break of the long term downward trend could allow us to test the 64k resistance and then the ATH levels.
A break of the shorter term bullish trend could allow us to fall to previous resistance turned support as well as the buttom part of the cloud.