Price may retrace to find support, but this is still a bullish market. After the trendline is broken, it may be a temporary short scenario, but it won't be long term. The MACD is now showing a break above the zero line, so it's a bull's market.
If you do decide to short this pair if the line is breached, be weary.
Have a great day!
Description is on chart. To sum it up, HODL and never let go.
Cheers
*MACD Notes*
" The horizontal line represents the normal bullish trend line. When price falls below it, then it's a time to liquidate Bullish positions ."
This is my analysis of Twitter.
It's a short term run as you can see. Around the "potential buy area", traders should shift their interest towards favor of the bulls.
Normally I don't deal with stocks, but seeing how everyone uses this app, I figured why not? While looking into the potential growth for Twitter, I came across an article on the internet ...
Due to the positive divergence on the MACD, there's a chance that this could turn into a bullish market, due to the second LL @ support not breaching the previous low just yet. It's looking like a double bottom to me.
