Here is a bitcoin example.
Price has entered a falling channel which normally breaks out upward. Also, both MACD and RSI are showing divergence. Both of these added together call for a future jump up in price. As of now, price should fall to the lower supports of the channel, or that orange line in the middle.
Price has entered a falling channel which normally breaks out upward. Also, both MACD and RSI are showing divergence. Both of these added together call for a future jump up in price. As of now, price should fall to the lower supports of the channel, or that orange line in the middle.
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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.