In the daily timeframe, the lagging line is still below the cloud so we expect weakness if it wants to move upward. In the daily, bears are still in control.
The current price is testing the EMA support, but it may fail if the StochRSI continues to wave downward.
This being said, we can't see any exciting movement upward, until the lagging line breaks the cloud in the daily. Sometimes, it shows you it broken out, but it is a fake out, so watch out (like in BTC). It is to lure gullible investors who depends on influencers who wants just to hype and more views on their contents.
This is the time whether you decide to take out your money, or still wait. So you see the importance of risk management now? :)
The current price is testing the EMA support, but it may fail if the StochRSI continues to wave downward.
This being said, we can't see any exciting movement upward, until the lagging line breaks the cloud in the daily. Sometimes, it shows you it broken out, but it is a fake out, so watch out (like in BTC). It is to lure gullible investors who depends on influencers who wants just to hype and more views on their contents.
This is the time whether you decide to take out your money, or still wait. So you see the importance of risk management now? :)