Bulls have successfully reclaimed the 20MA & are on course to tackle key resistance over the weekend. Is third time the charm? We look at price action & On-Chain, as well as some price targets.
Pauper dear chap, a question if you would be so kind: when looking for confirmation via ichimoku, it seems to me that a lot of the bullish indicators also correlate with what the RSI might suggest as ‘overbought’. Thus I oft feel conflicted: ichimoku says ‘yes, buy now’ whereas RSI says ‘woah there nelly; this shit’s overbought’. Mayhaps it is better that I not conflate trading philosophies, and mayhaps I retire my use of the RSI. 🤷♂️
Pauper dear chap, a question if you would be so kind: when looking for confirmation via ichimoku, it seems to me that a lot of the bullish indicators also correlate with what the RSI might suggest as ‘overbought’. Thus I oft feel conflicted: ichimoku says ‘yes, buy now’ whereas RSI says ‘woah there nelly; this shit’s overbought’. Mayhaps it is better that I not conflate trading philosophies, and mayhaps I retire my use of the RSI. 🤷♂️
I missed deez reports so much!