$ESPORTS upddate:
On the 30-minute timeframe, a falling wedge bullish pattern is forming, which typically signals a potential upside reversal. The RSI is also approaching a key resistance level, suggesting momentum could strengthen on a confirmed breakout.
If the breakout is validated with volume, entering long positions after confirmation would be the safer approach.
On the daily timeframe, #ESPORTS has just formed a new higher high, but the RSI is showing a clear bearish divergence, as highlighted on the chart.
If this divergence plays out according to standard technical analysis principles, the asset could be at risk of a significant corrective move potentially up to a 50% decline.
ESPORTSUSDT
Perp
0.42414
+1.35%
