Price action is crabbing and range is narrowing within a descending triangle. Price expansion can result in dips that revert and breakout of the triangle like in July '21.
CCI is descending indicating weakness. Crypto weakness stems from weakness in the stock market and strength in the dollar. Stocks will also range before breaking upward.
CCI is descending indicating weakness. Crypto weakness stems from weakness in the stock market and strength in the dollar. Stocks will also range before breaking upward.
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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.