As you can see the flag pole (red lines) has been formed, and has been tanking the past few days to form the flag.(2 horizontal red line). BTC/USDT on Poloniex 1 day chart, has broken out of the triangle and has been moving upwards in the channel. with the RSI in overbought zone. expect BTC/USDT to tank awhile more. and let the MADC do it job.
Comment:
sorry overbought - not oversold
Comment:
moving nicely within channels, should start to correct soon still within range