RE: LeoThread 2024-10-23 16:00

Not sure if we are not going to break down from this support... atm the bullish divergence seems to be losing strength:

We are currently supported by the 4hours 100 EMA, bullish divergence on the 1h but not on the 2h and above... We actually lost a little strength on the 1h.

RSI seems to be near oversold on the 4h.

All-in-all, no signs that we are going to reverse, buyers not stepping in, let's wait... we might actually go for the $64k.

Next good place to look for a long would be the 4h 200 EMA (blue EMA, currently at $64k).