Decending channel in rsi and market ?
Updated
Alright, take a look at these trend lines ...
Market shows a descending channel(Inside a big ascending flag for now ! ...)
Rsi formed a descending channel since a week ago ...
If you take a look at high tf such as daily ...
And also if you know about price actions, you can easily see that market needs a correction ...(Come on guys! it was about 3k pump :|)
So, you can see possible targets here and there is no need to mention them here ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and GOOD LUCK(ALWAYS WEAR A FACE MASK!).
Market shows a descending channel(Inside a big ascending flag for now ! ...)
Rsi formed a descending channel since a week ago ...
If you take a look at high tf such as daily ...
And also if you know about price actions, you can easily see that market needs a correction ...(Come on guys! it was about 3k pump :|)
So, you can see possible targets here and there is no need to mention them here ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and GOOD LUCK(ALWAYS WEAR A FACE MASK!).
Trade closed: target reached
Congrats
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.