ATR volatility is increasing, last candle show bearish engulfing, picturing from yesterday "so-called-dip" is showing bearish movement, and I think that last pattern looks like bear flag.
Also, as some of us know crypto market are kinda tidally-locked with BTC market movement, we should take a close look at what BTC market is doing.
So, are we really still on a...
RSI set to 24 hours length instead of default 14 hours:
- showing a slight higher low
Volume MA also set to 24 hours length instead of 20 hours:
- still not showing any significant increase in the volume ma
Many post say we're on a bull market, but are we?
What do you think about it?
Middle intersection of the triangle found around 0.03725 USDT (probably will be the major resistance level).
Using pitchfan, I marked the buying zone (green) and the selling zone (red).
Comment below for any suggestion
so after watching how the chart react to my triangle boundaries.
I came up with 4 possible moving direction, it's still 50:50 whether it's bull or bear.
Feel free to share your comments, whether I'm wrong or not, or maybe you're come with another conclusion
Purple colored line and curve is my prediction.
not really sure if I'm doing it the right way, so if bullish divergence on RSI should happen it should be when the price go lower but the RSI go higher. therefore a bounce is needed to get stronger RSI with lower price.