Cryptocurrency is always fascinating. It’s unstable and fluctuation attracts a lot of traders to pursuing it. Also, it gets people hurt as well.
For this one, we can see the volume is comparatively low recently. Although the volume could be a signal for traders, it could be lagging. Next, I would say both MACD and RSI are showing the same direction signal. MACD just made a death cross, RSI is obviously showing a downward trend.
Now, let’s look at my rising wedge. Does it look more convincing to you now?
Let’s expect the price to go down.
For this one, we can see the volume is comparatively low recently. Although the volume could be a signal for traders, it could be lagging. Next, I would say both MACD and RSI are showing the same direction signal. MACD just made a death cross, RSI is obviously showing a downward trend.
Now, let’s look at my rising wedge. Does it look more convincing to you now?
Let’s expect the price to go down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.