The more I read other TA's, the more complex it gets. Supernovachartpatternsresistancelevels and multipleindicationacceleratorsignals (That's not a thing, I've just made that up) that are driving me crazy. I was told that I should NEVER invest in something if it's highly volatile and not clear where we are moving.
Simple as it gets
As you can see on the daily chart we just went through the 50 day EMA and it tends to move bearish. BUT... it's not really giving off a clear breakout signal since the RSI and MACD are all still quite in the middle.
My idea; only invest at times when the basic indicators (MA, RSI, MACD) give off a clear signal. Don't try to rush things, it will only cost you money. The time will come.
Cheers
Simple as it gets
As you can see on the daily chart we just went through the 50 day EMA and it tends to move bearish. BUT... it's not really giving off a clear breakout signal since the RSI and MACD are all still quite in the middle.
My idea; only invest at times when the basic indicators (MA, RSI, MACD) give off a clear signal. Don't try to rush things, it will only cost you money. The time will come.
Cheers