The RSI remains in
bullish territory on this timeframe but is falling with a MACD that has crossed down.
Also, the true fundamentals have spent more time in bearish territory than
bullish territory since the second half of last September.
The Relative Strength Index (RSI) on the daily chart is moving sideways along the 70 technically overbought level, in
bullish territory with a Moving Average Convergence Divergence indicator (MACD) that is flat on the signal line and falling on the histogram.
The RSI continues to support the bullish case with a move higher in
bullish territory over 60 and the MACD continues to rise, also supporting more upside price action.
Ripple has moved
into bullish territory on the technical charts, with relative strength in the high 60s and climbing quickly.
At the same time, other analysts are saying that bitcoin could potentially remain standing in
the bullish territory through the rest of the year.
Bitcoin remains in
a bullish territory for now and is looking at further gains, though a pullback is possible if support at $ 7,900 is breached, according to technical studies.
All five of the trend indicators are in
bullish territory (which occurs very infrequently).
SLX and USO are the ETF in next five weeks till they started increasing and are in
bullish territory.
The relative strength index (RSI) is above 50.00 (in
the bullish territory) and on the rise, indicating scope for further gains in LTC.
At the same time, other analysts are saying that bitcoin could potentially remain standing in
the bullish territory through the rest of the year.
MACD in the Bitcoin 1 - hour chart is showing a clear divergence with the price action and the quick BTC / USD rebound has accelerated the indicator and brought it back to
bullish territory.