XBTUSD: signals are vague
As can be seen, I marked an ascending triangle. This pattern has been going on for a while. Along with the triangle, the Bollinger Bands have shrunk, which means the price is ready for any changes.
So where would the price go next?
As I said in the title, the situation is a little embarrassing. This triangle could be a bearish triangle because the price came from a downward trend. Sometimes the situation differs, but they’re still a probability.
The MACD shows an upward trend, however, the MACD is a lagging indicator. The two lines are very close together, which is dangerous.
The RSI shows a downward trend, which is divergent from the MACD and the price, however, the slope is not very clear.
For this situation, I would stay calm and wait for more signals.
So where would the price go next?
As I said in the title, the situation is a little embarrassing. This triangle could be a bearish triangle because the price came from a downward trend. Sometimes the situation differs, but they’re still a probability.
The MACD shows an upward trend, however, the MACD is a lagging indicator. The two lines are very close together, which is dangerous.
The RSI shows a downward trend, which is divergent from the MACD and the price, however, the slope is not very clear.
For this situation, I would stay calm and wait for more signals.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.