Hydro (HYDROBTC) is starting to form a bottom and has the potential to bounce and move up.
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.
Bullish divergence is building up on the MACD, this is marked by a bold blue line.
The RSI 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 volume yet. The bullish divergence is very telling and supports 35 satoshis as a potential low.
In order for these signals to turn into a strong bullish move, a high volume breakout is necessary.
Conditions for change: If HYDROBTC moves down and closes below 35 satoshis, the above signals are invalidated.