Unclear Trend For Doge
Updated
Hi there
The price is above the RSI 50, indicating that the trend is bullish. However, it is below the RSI moving average, giving a mixed signal. Consequently, the price is in a bearish range within a bullish trend.
It appears to be in a possible corrective ABC phase, but it is not clear how deep this may go, resulting in two open areas.
* So, the overall trend remains bullish, but the current mixed signals suggest caution. Monitoring will be required, - high-risk setup.
Happy Trading,
K.
The price is above the RSI 50, indicating that the trend is bullish. However, it is below the RSI moving average, giving a mixed signal. Consequently, the price is in a bearish range within a bullish trend.
It appears to be in a possible corrective ABC phase, but it is not clear how deep this may go, resulting in two open areas.
* So, the overall trend remains bullish, but the current mixed signals suggest caution. Monitoring will be required, - high-risk setup.
Happy Trading,
K.
Trade closed manually
There were no displeasing surprises; it went according to anticipation.
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