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Forex news -forex broker review => Forex => Topic started by: PocketOption on Feb 23, 2022, 05:42 am

Title: BTCUSD Retains Bearish Structure but RSI Suggest Bullish Move
Post by: PocketOption on Feb 23, 2022, 05:42 am
BTCUSD Retains Bearish Structure but RSI Suggest Bullish Move

BTCUSD found support at the 36,232 level after the negative movement that started after the pullback off the descending trend line. The RSI indicator is heading upwards in the negative region, suggesting a potential upside recovery. Should the pair stretch north, the 50-day simple moving average (SMA) could provide immediate resistance before the prices touches […]


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Source: BTCUSD Retains Bearish Structure but RSI Suggest Bullish Move (https://www.actionforex.com/contributors/technical-analysis/431155-btcusd-retains-bearish-structure-but-rsi-suggest-bullish-move/)