DAG is approaching the heavy supply zone that served as major resistance during the previous breakout.
If bitcoin plays nice(big if, rate of change bitcoin =< DAG's), we can see it break through to the next supply zone (highest purple bar) . It will certainly get rejected, causing a cup and handle (blue and yellow). The yellow path would time the RSI perfectly with its current oversold RSI. But this is crypto, so who knows .
If it gets rejected here, it will retest the previous resistance, creating an inverse head and shoulders.
Short term unknown, long term bullish.
If bitcoin plays nice(big if, rate of change bitcoin =< DAG's), we can see it break through to the next supply zone (highest purple bar) . It will certainly get rejected, causing a cup and handle (blue and yellow). The yellow path would time the RSI perfectly with its current oversold RSI. But this is crypto, so who knows .
If it gets rejected here, it will retest the previous resistance, creating an inverse head and shoulders.
Short term unknown, long term bullish.
Trade attivo
DAG decided to take the yellow route, almost to a t. Respecting the previous resistance now turned support. RSI still in an uptrend. I would expect the second line to hold this time around after it breaks through.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.