Downtrend is still in play with minimal market participation.
Look for break above descending resistance, WITH SIGNIFICANT VOLUME, to confirm trend reversal.
It is my opinion that most of the volume over the last while consists mainly of DCA bots, as well as MM bots.
Look for break above descending resistance, WITH SIGNIFICANT VOLUME, to confirm trend reversal.
It is my opinion that most of the volume over the last while consists mainly of DCA bots, as well as MM bots.
Note
Price crossed above the descending resistance, but was quickly rejected. Downtrend still in play.
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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.