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.
交易進行
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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。