Technical Analysis 09-02-2018 | BTC [EN]
Did we rush?
In the short term, we can see that we have exited our bear flag in order to return to our consolidation zone (7400$ and 8400$).
Is that a bad sign?
Well, when we take a step back we can notice that we are still in our descending triangle with, on top of that, an RSI that continues to decrease.
In order to hope for a rapid return to growth, we would like to see today:
- Closing of the candle above our resistance of 7850$.
- An upward breach of our RSI
Are you optimistic?
Tell us what you think about it in the comments.
You can find our articles on our website: https://www.cryptotrading-fr.cash/
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