NCASH, one of my favorite coins of this year, did a great job so far despite the volatility in the market. There are a lot of hype about this coin and most definitely it will do great numbers when the king gives his permission.
Fibonacci 0.5 level has been a great support and played an important role in this journey.
Here are a couple of points I want to get your attention at:
1) Price is moving inside the trend, it's good news.
2) RSI is moving up on a trend as well.
3) MACD's histogram, however, shows some bearish signs.
4) Volume has dropped significantly.
In the current market circumstances, if the price breaks down from the trend, we might need a bigger correction to move forward.
I'm a beginner and still learning. I would appreciate every kind of input.
Thanks.
Fibonacci 0.5 level has been a great support and played an important role in this journey.
Here are a couple of points I want to get your attention at:
1) Price is moving inside the trend, it's good news.
2) RSI is moving up on a trend as well.
3) MACD's histogram, however, shows some bearish signs.
4) Volume has dropped significantly.
In the current market circumstances, if the price breaks down from the trend, we might need a bigger correction to move forward.
I'm a beginner and still learning. I would appreciate every kind of input.
Thanks.