BTCUSD: Meet the Resistance Area
The price had been going up for a while, now, it calmed down and entered a platform. As we can see, this platform partially broke out the upper band of the Bollinger Bands.
The volume started to go down, traders became unconfident.
The MACD made a death cross, however, we can see the two lines still twist together, and the level is still high.
As we know, the Bollinger Bands would push the price to move toward the middle line. So, price already gained the power to move down.
The RSI is moving down too, which is good news for us.
Let’s expect the price to go down
The volume started to go down, traders became unconfident.
The MACD made a death cross, however, we can see the two lines still twist together, and the level is still high.
As we know, the Bollinger Bands would push the price to move toward the middle line. So, price already gained the power to move down.
The RSI is moving down too, which is good news for us.
Let’s expect the price to go down
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