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.
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.