😀BTC is consolidating in a range, weekend is here so we can expect the consolidation phase till Monday’s opening. BTC closed its daily candle RED at $16,598.🔴
🕓Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.🔓
😀BTC is consolidating in a range, weekend is here so we can expect the consolidation phase till Monday’s opening. BTC closed its daily candle RED at $16,598.🔴
🕓Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.🔓
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