Lots of the stuff is outlined on the chart, but what we need to see is a hold or a break on the RSI for USDT.D. What we see happen is some basing which makes me think that there is more downside risk in the crypto market. If we do break down though, we will see some pressure relieved for a counter trend trade. These can be a lot of fun. Typically I am looking through all the charts to see how many are breaking up vs breaking down from this ranging effect. Right now there are tons that are at the bottom on there range and have a low risk reward.
Very difficult to call reversals but if we break through the rectangle on the RSI then we could finally see some buyers coming into the market.
Happy Trading!
Very difficult to call reversals but if we break through the rectangle on the RSI then we could finally see some buyers coming into the market.
Happy Trading!