A bearish rising wedge pattern can be seen forming on the above 1-day chart. The formation occurs while:
1) Dominance is testing the 50-day moving average as resistance (blue line) following a break of support = bearish.
2) Stochastic RSI is crossing down 80 = bearish.
However the bottom oscillator, Money Flow Index, suggests resistance is no longer offered - therefore the downward in dominance may be short lived.
Target is 59.
1) Dominance is testing the 50-day moving average as resistance (blue line) following a break of support = bearish.
2) Stochastic RSI is crossing down 80 = bearish.
However the bottom oscillator, Money Flow Index, suggests resistance is no longer offered - therefore the downward in dominance may be short lived.
Target is 59.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
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Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR