TIX, Bears Drive The Market
The pair TIX/BTC tumbled aggressively in the last couple of days and the risk is still to the downside as price continues to move with weak movement. Also, the short-term technical indicators are bearish and point to more downside correction in the market.
In the daily timeframe, the parabolic RSI indicator is signaling further losses. The MACD is heading down without any positive move to make a bullish crossover. I advise you to wait when the RSI will be in the oversold territory and MACD will flash a bullish crossover to open a long position.
In the daily timeframe, the parabolic RSI indicator is signaling further losses. The MACD is heading down without any positive move to make a bullish crossover. I advise you to wait when the RSI will be in the oversold territory and MACD will flash a bullish crossover to open a long position.
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