As you can see the flag pole (red lines) has been formed, and has been tanking the past few days to form the flag.(2 horizontal red line). BTC/USDT on Poloniex 1 day chart, has broken out of the triangle and has been moving upwards in the channel. with the RSI in overbought zone. expect BTC/USDT to tank awhile more. and let the MADC do it job.
Note
sorry overbought - not oversoldNote
moving nicely within channels, should start to correct soon still within range
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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.