supestv

Weekly MACD showing a pattern

BITFINEX:BTCUSD   Bitcoin
Weekly MACD appears to be following an ascending wedge pattern. What does it mean?

The daily RSI is showing the same pattern, and you can see the lines I drew in the RSI indicator but since it is for the daily chart it is not showing properly.
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.