Oil price is on linear uptrend since Russia-Ukraine War. This trend may be broken down at the end of this month.
Here you can see the daily chart of Brent Oil. Daily RSI Indicator has curve pattern and It will be broken down until the end of this month...
Ekran Resmi 2022-06-15 00.48.48.png
So, If RSI Indicator breaks down, linear uptrend line may be broken down and we may see the correction on Oil Price.
There is negative divergence in weekly Bitcoin Price chart. It is second signal of possible Oil price drop.
Ekran Resmi 2022-06-15 00.52.00.png
It may be be possitively effect for crypto market. If Oil price down, infilation will do down and crypto market can breath...
So, we need a subjects to recover for cryto market. Oil price may be one of them...
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