when the lines are close together they're called clusters and mark a important level of support or resistance. Green is always more powerful than yellow.
I draw boxes to mark the future price action reaction
- Here we have good consolidation, good volume coming in and prices moving above EMA10 (green line on the chart).
- The "moving above EMA10" signal is only confirmed when the weekly candle closes, which is after Sunday. If prices move and close below EMA10 weekly you can disregard this signal as it is invalidated.
When the signal is yet to be confirmed, we call...
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Multi Collateral (DAI) CMC #54
Active Addresses +13%
CryptoRatingBot -41%/+60% (cmc/cm)
* % up/down from last established support/resistance line
Monthly buy setup 3 above resistance. Bullish
Weekly: Trying to breakthrough resistance. Close above .00017 will start a buy...