RSA and SMA support price breakout and Bearish trend analysis
This is only for educational purposes. we see in this chart the RSA has shown a breakout a day before the price breaks out, and also when the price breakout below 20 day SMA the price started to go down showing a bearish trend.
Keep take away:
Don't buy at price breakout (bearish trend).
Should have waited for RSA > 50 and price moving above 20 days, 50 days. Stop-loss advised on a downtrend.
What is next? wait for the price going below SMA 200 days and enter on the breakout or buy a small bit.
Keep take away:
Don't buy at price breakout (bearish trend).
Should have waited for RSA > 50 and price moving above 20 days, 50 days. Stop-loss advised on a downtrend.
What is next? wait for the price going below SMA 200 days and enter on the breakout or buy a small bit.
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