- The Moku cloud is still conflicted between red and green, signaling market indecision.
- The long wick to the top of the current brick shows that while we tried to rally above 40.5k, we couldn't hold it long enough to make a stand there.
- We are still under the green cloud, which means bulls are not ready yet.
- At the previous brick, we didn't manage to get above the 10 SMA, which would be another signal of an uptrend.
- Lagging indicator in the cloud, which is a no touch zone.
Note that the Renko chart is simple a trend indicator not a top/bottom finder, and it is telling us there is no clear trend yet.
- The long wick to the top of the current brick shows that while we tried to rally above 40.5k, we couldn't hold it long enough to make a stand there.
- We are still under the green cloud, which means bulls are not ready yet.
- At the previous brick, we didn't manage to get above the 10 SMA, which would be another signal of an uptrend.
- Lagging indicator in the cloud, which is a no touch zone.
Note that the Renko chart is simple a trend indicator not a top/bottom finder, and it is telling us there is no clear trend yet.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.