Weekly Range Update

ita
XBTUSD daily chart – VWAP+RSI

XBT / USD weekly price range is 860$-1015$ | This week the cross XBTUSD appears a little weak now that the ALMA moving average has turned bearish, and the RSI oscillator average (white line) is on the verge of giving a bearish signal.

A test under the VWAP, under 940$, might be possible; if this scenario materializes then the 860$ support should hold well.

It is valid, as resistance, the first dev. line above the VWAP at about 1015$.

I remember that in any case as long as the price remains above our VWAP  average the medium-term uptrend remains intact.

In cases of extreme fall the support area is 635-735 USD.

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