SPX was trading at the top of bollinger band, but went down a bit which is healthy. This does NOT mean it's bearish.
MacD looks to cross onto the buy-side and RSI has room to go to oversold.
People cash out at highs and move their money to bonds to preserve profits. Since cashing out 401ks is forbidden/expensive, they just move it to bonds.
This is for the 1D chart.
Volume decreased since the downtrend start. Volume for last 3 days is all red (and likely to continue to be red in the coming days.)
MacD about to make a bearish crossover and Stoch RSI has a lot of room to go to oversold.
Chart looks bearish.
PSA Not trading advice. DYOR.
Thanks @TomHall and @MagicPoopCannon for getting me excited...
On the 4H chart.
Stoch RSI is oversold so going back up. But volume is low so it won't go up that much. Expect a h&s formation.
MacD bearish divergence is large so this will be a short lived uptrend.
Not trading advice. DYOR.
This is on the 1D chart. Looks like XLM has had a failed breakout from the primary downtrend channel just like the other alts.
Except, XLM has negligible volume. Which might be alright because in a bear market, coins with lower volume get less attention and tend to go down slower than the higher volume coins.
1. The volume bars are pretty much non existent.
This is based on the 1H chart.
MacD has gone to the bearish side, green volume has decreased and RSI has a lot of room to go to oversold.
Additionally, there were a bunch of shooting star patterns near $11,600 levels. Raised eyebrows at that point.
Looks bearish to me
NOT TRADING ADVICE. DYOR.
The macD is converging to bearish side, volume is decreasing on the 30 min chart, XRP broke key support and RSI has room to go to oversold. We should see 86 cents soon.
I'm a new trader so this is for educational purpose only. Not investment advice.
Comments welcome :-)
Look for short target around $0.79.
MacD clearly shows a sell signal and RSI still has room to go to oversold.
Red volume is also increasing.
The bounce to $1.22 was a dead cat bounce, fellas. Congratulations and welcome back to the bear market.
Not investment advice, I'm a newbie trader, btw.
Volume is going down and RSI shows oversold. MacD bounced back to sell. Expect pullback to support near $0.78.
Not investment advice. I'm a newbie trader.
Big thanks to @magicpoopcannon for inspiring me to get into charting. I've been reverse-engineering his charts to get to his god-level TA.