22/06/2020
RSI in over extended territory, BBS well over extended.
MFI showing alot of cash flowing in, though I have noticed that this indicator does and has shown high vo;ume with pumps in price.
The MACD seems quite confused though is bullish and Stochs are showing overbought...
I would be careful of this pump, I do believe this could very well be a fake out. It has bypassed multiple resistance and long term trend lines of resistance in a very short period of time (although I am using the 4 hour) but still, I would not FOMO in if not already in a trade, wait until things settle down a bit then decide what to do.
Thanks!
MFI showing alot of cash flowing in, though I have noticed that this indicator does and has shown high vo;ume with pumps in price.
The MACD seems quite confused though is bullish and Stochs are showing overbought...
I would be careful of this pump, I do believe this could very well be a fake out. It has bypassed multiple resistance and long term trend lines of resistance in a very short period of time (although I am using the 4 hour) but still, I would not FOMO in if not already in a trade, wait until things settle down a bit then decide what to do.
Thanks!
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