The cryptocurrency market is in a very sensitive area. In the bearish channel of the market, Total is below the resistance range.
The last time the market failed to break up the resistance, it faced a big drop. Now the market is in this sensitive area again. (Left chart)
Two scenarios ahead:
1- If Total can not break up the channel ceiling, the market can experience another fall. Note that dynamic RSI is in the overbought zone.
2- The Ranko chart shows the MACD crossover. this can be considered as an initial bullish signal. To confirm this signal, we have to face the channel ceiling break-up
The last time the market failed to break up the resistance, it faced a big drop. Now the market is in this sensitive area again. (Left chart)
Two scenarios ahead:
1- If Total can not break up the channel ceiling, the market can experience another fall. Note that dynamic RSI is in the overbought zone.
2- The Ranko chart shows the MACD crossover. this can be considered as an initial bullish signal. To confirm this signal, we have to face the channel ceiling break-up
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.