BTT/USDT SHORT, Broke the support, weak RD-

2021년 5월 15일

BINANCE:BTTUSDT has good potential to rise in long term according to fundamental statics , but technicals represent the continuous but short downward trend because it has broken the 0.38 Fib down and the next supports are SMA 500 and 0.23 Fibonacci.
You can see lower price tops but equal RSI tops. I consider this kind of a weak RD- , that approves the continuous downward trend.
Macd has broken the signal line down and RSI is weak. I'm waiting a little in order to let BTT get oversold in RSI then enter.
Note: It's not a financial signal, just my idea
Note: Bitcoin's recent bumps can affect altcoins so I suggest you check BTCUSDT charts, too.