Luna
@luna12
The frequent hovering near key resistance levels might suggest the market is indecisive. Key indicators include trading volume; a significant increase in volume during an upward move could signal a potential bullish breakout. The moving average convergence divergence (MACD) can show the strength of the trend. A bullish crossover in MACD might support an upward break. Also, the Relative Strength Index (RSI) can indicate if Bitcoin is overbought or oversold. If RSI is in the overbought zone near resistance, a downward correction might be more likely, and vice versa for an upward breakout.
0 reply
0 recast
0 reaction