(Chart by TradingView)
Until about March 22, the Radix alligator against Bitcoin continued to drop until it almost touched 300 Satoshi. Then the alligator began to bounce back and began to stop until now.
Now the MACD (Moving Average Convergence Divergence) oscillator, which was previously in a bullish position, has turned bearish. This indicates that the price of this asset, which was originally rising, has just fallen.
Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator appears to be in oversold territory. This means that the intrinsic price of this asset is above its market price.
At this point, we can see that the originally closed mouth of the alligator is beginning to open downward. Will it move down soon or will it sleep for a while?
Let's continue following this alligator Radix adventure with Bitcoin.