Let's take a look at one signal on the SPHRBTC (Sphere) trading pair chart... We are going to focus on MA200.
Looking at the chart above, we can see MA200 going below SPHRBTC on low volume, while prices move above EMA10.
EMA10 also had a bullish cross with MA200.
After seeing this signal, where a major resistance level has been conquered, we know that SPHRBTC...
Zooming out on the weekly, switching over to the logarithmic scale, we first look at the MACD line. We are seeing its positivity, higher lows while the price conversely sees negativity, lower lows. Classic bullish divergence.
This coin is still very much a "big gains" coin. Just look at the activity that created the most recent flag. The price swings from...
The price hit the long term support again indicators start to become bullish again. Stoch RSI enters oversold zone, Aroon and MACD confirms its intension. We expect a bounce and entering in Ichi cloud in the short term.
Short term this trade is looking to go short.
As you can see in my private post that this has been on the radar for the last week. Don't get fooled by all the MACD RSI confusion people throw your way. I know how the machine works from the inside out. My charts are clean and easy to read. Follow...
This coin appears to have shit fundamentals (check it's website), however the TA looks pretty fucking sweet, imo.
Note the long blue trend line going back to June/July, which if it breaks above, could get very implusive, as you can see from prior such moves. If a daily candle opens above this line that may well be a very bullish indicator.
While its possible...
- SPHR has done a full correction cycle back to supply zone.
- Stoch_MTF signaled bottom and buy indicator
- Williams VIX signalled bottom
- Price is about to overpass Ultimate_MA_MTF (bullish)
- MACD starting to move up
- RSI starting to move up
Stop loss: 35,000 Satoshi
Targets: 50,000 Satoshi (short term)
60,000 Satoshi (short term)