Relative strength index is approaching 91.99 where it exhausted last time, which caused a correction August 4th of appx. 16%. 21 days left for airdrop, it a long time with only green candles. It seems unrealistic. The closest support on the daily chart is the 78,6% Fibonacci level at $0.34076 (appx. -16%).
NB. Flare Spark Airdrop December 12., Closest resistance at $0.32689 (appx. +1%) Closest support at $0.30400 (appx. -5,8%) Relative strength index - Oversold, - Following uptrend - Exhausted at 91.99 August 4th. Within top range of 195-periods regression channel, will hit roof if it manages to go through $0.32689 resistance.
Price is right now trying to find momentum to break the downtrend. If it succeeds the next major resistance is the lower high from October at $12.262,84. Else the next major support is the 50-periods exponential moving average at $11.596,75. The relative strength index is at 56 which means that it has plenty of space to move before reaching an overbought...
Price is right now trying to find momentum to break the resistance at €13.176,6. If it succeeds it will enter a difficult area of major resistances from previous highs and a downtrend, it will need to go beyond €13.309,10 to get some space to move. Else the next major support is at Junes high at €12.922,80 The relative strength index have established itself...
Gold is getting massive support form the range of $1.862,49 to $1.848,49, incl. the 78,6% Fibonacci level. If the support holds, the next major resistance is the downtrend and 50-periods exponential moving average at $1.895-ish. Else the next level of support would be $1.765,00 following the downtrend as “support” The relative strength index will be forced to...
The relative strength index is overbought since October 19. It is approaching a dead-end as the rsi-uptrend and rsi-resistance is about to intersecting. The next major resistance is December 17. 2017 high at $19.798.68, going through that will result in a new all time high. I can imagine that this would cause an explosion on the internet and lead to a “crypto...
Buy on RSI 51 red line Buy on RSI 35 green line Buy on Stochastic cross up Whats your strategy? Will it go beyond $10.000? I think the main reason for the drop is that money is being moved to DeFi, and that miners mitigated some of their risk by selling at the moment it went above production cost. To understand production cost I can recommend to use indicator...
I applied the pattern from 2000 crash to the 2020 crash on BRK.B. The V-shape recovery fits very well.
What I see right now is that the price is getting squeezed towards center of the regression channel which acts as a double support. It's likely that it will break through the support and go near the low of the latest correction support and bottom of regression channel. From here its make or break. Either it fails to rebound or it rebounds and find new highs above...
Linier regression with r2 on 0.94- will face old support, new resistance, on 0.30 within the next days. It can go both ways, I however believe that it will break out in a positive way due to MoneyGram liquidity release starting from this quarter.