Please allow me to entertain you for a few minutes, so come and read this chart with me, we are going to be looking only at a few signals so feel free to hit like any time you want now to get started...
Hydro ( HYDROBTC ) Chart Analysis with Alan Masters:
- We can see Hydro's price going flat, marked yellow on the chart, with 6 attempts to break the 35 satoshis support without luck. This is a strong support now.
- is building up on the , this is marked by a bold blue line.
- The is moving up after going oversold and broke above resistance, has plenty of room for growth.
- Now trading above EMA10.
These are early signals because there isn't any yet. The is very telling and supports 35 satoshis as a potential low.
In order for these signals to turn into a strong move, a high breakout is necessary.
Conditions for change: If HYDROBTC moves down and closes below 35 satoshis, the above signals are invalidated.
Thanks a lot for reading.