RSRBTC: Falling wedge and retracement
The price had been falling for a while. Until September 19th, the price retraced back to 0.00000150, which is the 0.5 level Fib.
Also, the falling wedge started on September 19th.
As we know, the falling wedge is a bullish signal. So I would say the price would rise for a while, here I guess it may rise to the 0.236 level Fib. Then the price may back to the downward trend, because the power of retracement is not strong.
The MACD does not show too many things.
Let’s wait fot the price to go up.
Also, the falling wedge started on September 19th.
As we know, the falling wedge is a bullish signal. So I would say the price would rise for a while, here I guess it may rise to the 0.236 level Fib. Then the price may back to the downward trend, because the power of retracement is not strong.
The MACD does not show too many things.
Let’s wait fot the price to go up.
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.
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.