At the end of the asc. triangle, short drop because of the BTC dump after the fork .
- RSI showing upwards
- MACD may cross soon depending on the current candle
- Lot of sell pressure due to BTC FUD
- Except short drop due to BTC drop, we are inside Bollinger Band
If the volume flows back and BTC market remains stable, we might see a breakout here.
Wait till the triangle breaks before going in, early entry is very risky due to BTC market.
- RSI showing upwards
- MACD may cross soon depending on the current candle
- Lot of sell pressure due to BTC FUD
- Except short drop due to BTC drop, we are inside Bollinger Band
If the volume flows back and BTC market remains stable, we might see a breakout here.
Wait till the triangle breaks before going in, early entry is very risky due to BTC market.
Comment:
Drop through the support line, TA invalid