Not exact matches
We have been
bullish of the LOONIE based on its sound fundamentals and continue to be so, but we are skeptical of any rate
movement on the part of the BOC
as long
as the currency remains strong.
As you can see from the image above, this indicator highlights
bullish reversal patterns after bearish price
movements and bearish reversal patterns after
bullish price
movements.
As such, a true bearish engulfing pattern will only come after a
bullish movement in price (consecutive higher highs).
As for the technical indicators, the
movement of the MACD line is displaying a weak
bullish signal, while the RSI indicator is showing that Bitcoin is in overbought territory, confirming a potential
bullish movement.
This rise in demand typically leads to a
bullish movement in ETH prices, but investors grew less active
as the night wore on.