RSI went oversold but MFI hasn't. That bottom line is the rangebound channel FDAX has been in since June, if it breaks, market is in trouble.
I'm guessing that it will break and that cryptos are a leading indicator.
I'm guessing that it will break and that cryptos are a leading indicator.
Note
Oversold or not, it looks like it wants to break support right now. This is one of the first things to check tomorrow morning when you wake up.... though it'll probably be obvious if you see US futures in the red.The reason why I track FDAX is because US futures tend to move in the same direction premarket. Cryptos have also been tracking FDAX, though ETF outflows dropped BTC/ETH even further than expected.
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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.