Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on...
Looking at the 4HR chart again, looking like bullish convergence! Love the higher low and RSI keeping above 40+.
NASDAQ:GOOG NASDAQ:GOOG My analysis is that if there are a core of companies capable of weathering out a recession that Google is among them with its search engine and cloud services at the core of its services. On the weekly chart, Google like others had an uptrend after the COVID crash of March 2020 until last winter. Right now, a downtrend is retracing...
There are many wicks on top of the candles on the 15 minute BTCUSDT chart. Honey Cypher momentum is to the downside. The light blue Vwap is starting to slope down. Looking at the honey wave structure we can see that the previous uptrend was long lasting so the chance of the coming downtrend to have this long lasting slow drop is quite likely to me.
Good Morning Traders! As you can see on the 4HR of Bitcoin (BTC). The price action has formed lower highs and slowing lower lows symptom of a falling wedge. The red histograms on the MACD are also showing signs of a potential convergence on the 4HR. I am confident if this pattern confirms that the target will be $44-44.3k! Set a TP for the target if entering a...
NASDAQ:COIN could be starting a reversal. The MACD is been going up with the price which today broke above its 50 day MA but it still needs to make the breakout from the $252 resistance. Once that happens could be the start of a good uptrend. The crypto exchange has had strong revenue and EPS growth, being 2021 its best year. One the first quarter, reported a...
💡 Ethereum is the "safer" altcoin to diversify into if you want to compound your Bitcoin (without needing to trade on leverage)! Multiple Higher Lows on the daily timeframe shows Demand is eager to buy Supply at higher prices from previous bottoms. Price is testing its 200 Daily Moving Average, which is sloping up! RSI is oversold. MACD histogram is...
So Guys, we have today for you another interesting project. This project has Koreanian roots. It resembles a bit ONT. They aim to create global network of many blockchains, both private and public to cooperate with each other. By saying this they mean connecting different institutions such as banks, insurance companies, hospitals and universities. They also aim...
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher...