we see, every wave has shorter distance on the time 200ma and when ever price touches to 20 ma, it stars falling. We also see indicators has sell signal. How ever it still has LITTLE chance to see top side of channel quickly because momentum looks very wavey (green arrow). In this case i put my bet for bears. Because there is more reasons for me(yellow...
I see double top On daily charts, MACD is overbought and has made a double peak. We are a long way from the 200-day averages. Indicators constantly give signals for correction. BUT, if we follow the past years, it would not be wise to expect a drop such situations. Again, when we examine the old movements, the most effective signal is the daily RSI. Whenever we...
Hello bros. Firs of all sory for my bad english. So far 20weeks moving average was enough as support. This drop looks same like others on RSI but macd made sell signal first time and momentum is quite droped. If you are in pozition be ready for a drop to ma 50. In this case will see our lovely crazy cripto's destiniy for long future. My opinion if it drop to 50w...
One of 4h graphic ideas on TradingView inspired me. We are in risky point. But all things look quite positive as news. I guess it will try to touch trend line before next. And I see it in 30 min graph. We have nice potential in rsi and macd. I am in briefly. No recommend you do same. But I took little risk)
As our only indicator works fine with this currency says time to fly. This is no investment recommendation
I just realized that in 4h chart 50&200 days averages are so far to each other yet. So I change my bet to sell. Not investing recommendation. Gl
We are in the middle of reggression channel which is a strong resistance and support. When i look indicators we have might have more spaces for bottom. and finnaly this level is not comfortable for new entrance.