market price reached strong resistance trend line which is entry for many sellers. We wait for clear selling signal as drawn in the chart.
Indicator analysis
-regular RSI line is near heavy overbought area which is bearish indicator
-stochastic RSI is in heavy overbought area and the baselines crossed bearish which brings sellers into the market
-Bollinger bands going in both directions which indicates incoming bigger market movement
Indicator analysis
-regular RSI line is near heavy overbought area which is bearish indicator
-stochastic RSI is in heavy overbought area and the baselines crossed bearish which brings sellers into the market
-Bollinger bands going in both directions which indicates incoming bigger market movement
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
