BTCUSD: Entered a platform.
The price entered a platform, which could be our support area.
So would the platform be out to support area?
The volume does not show too much confidence in buyers. We can see the platform did not bring enough data, however, the number of green bars is still rising.
The MACD is a lagging indicator so I do expect it to show me some significant signal when price entered a platform.
The RSI is low. Although it does show an upward trend, the slope is not very clear.
The Bollinger Bands are very broad with a breakout here. Would the price bounce back to the middle line? It could be.
Let’s wait for more signals.
So would the platform be out to support area?
The volume does not show too much confidence in buyers. We can see the platform did not bring enough data, however, the number of green bars is still rising.
The MACD is a lagging indicator so I do expect it to show me some significant signal when price entered a platform.
The RSI is low. Although it does show an upward trend, the slope is not very clear.
The Bollinger Bands are very broad with a breakout here. Would the price bounce back to the middle line? It could be.
Let’s wait for more signals.
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Disclaimer
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.