Newbie to trading here.
Is it a good time to short? Because all my indicators (RSI, MACD, Fast Stochastic) are saying it still will be rising. MACD has higher lows and is above the zero line. RSI Has broken the 70% line and Stochastic is above 80. All signs are pointing up.
Also it tried to break through the 23.6% resistance for about 5hrs.
Am I reading this wrong? Or is my analysis sound?
Is it a good time to short? Because all my indicators (RSI, MACD, Fast Stochastic) are saying it still will be rising. MACD has higher lows and is above the zero line. RSI Has broken the 70% line and Stochastic is above 80. All signs are pointing up.
Also it tried to break through the 23.6% resistance for about 5hrs.
Am I reading this wrong? Or is my analysis sound?