JTO : Take CAUTION - RSI Topout Likely

29 Jul 2024

JTOUSDT

The RSI reacts different on every chart, which is often the case with technical indicators. This is also why we advise to find one or two, and learn how they respond on your favorite charts. If you swop around between technical indicators too frequently, you will miss key insights such as these.

The charts says bullish for three main reasons :
👉 Bottom out pattern
👉 Higher lows
👉 Hot RSI

Two playouts likely for JTO, but for NEAR / LONG term I will label it as BULLISH. Personally using leverage here is too risky for my taste but then again, I favor a modest and low-risk approach.

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1 Ogo 2024

Nota

Another Bullish Inverse H&S Pattern spotted on FLOW.
FLOWUSDT is looking bullish after a strong V-shaped recover from the inverse H&S pattern. Higher lows are looking good as the price is moving towards neckline resistance. I'd say a close ABOVE this zone indicates the start of the next big increase.