The crypto pair from its low has appreciated almost 50%. There is a Resistance Zone ahead which can play an important role in upcoming days. If the pair closes above the zone we can expect it to move higher, If the pair is not able to sustain above the resistance zone we will see selling pressure coming ahead.

The Pair has made a Doji near the Resistance zone which indicates a pause in trend, we can expect the trend to pause, if tomorrow and day after tomorrow the pair closes below the doji we can enter a short position till 27-23.

There are divergences seen on the RSI, which could be a confirmation for the sell side.

Sell only if the above condition is seen, if this is not followed, wait for the pair to trade above the resistance for a day or so and the RSI to follow the price.

Advice : Wait for the confirmation and trade as confirmation is seen.

Opportunity

Sep 05 2021

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