Musicoin dropped below major bullish trend line (green line) and bounced off of at a support line (1. blue line) at ~360Sat. Its currently back inside the trendchannel.
On daily chart:
On 4h chart:
Mixed signals, I would suggest waiting if #Music stays safe inside the trendchannel and support holds.
UbI update came out, may boost the market.
Next support at ~300Sat
On daily chart:
- RSI is rising and oversold (+)
- MACD signials a change in movement direction but not crossed (+)
- Volume did not increased, it stays inside a falling wedge (-)
- Cloud still bearish, conversion line below base line (-)
On 4h chart:
- RSI overbought but slightly pointing upwards(-)
- MACD crossed and pointing upwards (+)
- Coversion line moving at base line, may cross. (+)
Mixed signals, I would suggest waiting if #Music stays safe inside the trendchannel and support holds.
UbI update came out, may boost the market.
Next support at ~300Sat