I am not sure that this chart is signalling a reversal right now but the following things exist:
1) RSI is trending up
2) Price is stalling from the fast decline (which formed some RSI bullish divergence
3) The triangle is not that important in my opinion but a break with volume may mean something
What really matters here:
1) Price is in its same range before Alts Season took place in early December. It is in the same price range
2) Look at that volume. Someone is accumulating, a lot. Probably masternode accumulation.
1) RSI is trending up
2) Price is stalling from the fast decline (which formed some RSI bullish divergence
3) The triangle is not that important in my opinion but a break with volume may mean something
What really matters here:
1) Price is in its same range before Alts Season took place in early December. It is in the same price range
2) Look at that volume. Someone is accumulating, a lot. Probably masternode accumulation.
Kommentera:
Slow and steady but gaining uptrend velocity