Decending Channel + weak bullish signal
The end of an ascending channel and the beginning of a descending channel.
As we can see the RSI indicator is in an overbought zone for some hours, however the MACD weren't strong enough to continue going up after crossing the signal line and went down again, so the candles continues to make HL and just two HH.
The BB moving average was crossed but just with two shadow candles and the second one was a bearish candle followed by a full bearish candle
As we can see the RSI indicator is in an overbought zone for some hours, however the MACD weren't strong enough to continue going up after crossing the signal line and went down again, so the candles continues to make HL and just two HH.
The BB moving average was crossed but just with two shadow candles and the second one was a bearish candle followed by a full bearish candle
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Follow the social network, free telegram link: t.me/afcapital21
Instagram: afcapital
Instagram: afcapital
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.