Current scenario looks very similar to something we have already seen.
Did you notice how MACD and RSI are both in BUY right now? MAD is green and RSI is oversold and Linear regression shows that we are in buy area. We have crossed the lin reg then confirmed that line and now it has just curved in a way that it is has now momentum turned upside. I think 45000 is possible.
Traditionally, technical trader would despise such a price and wait for a correction or accumulation (if flat correction) at the bottom of the channel
Yet I see it and sorry but I can't buy. Good luck guys.
Green boxes are approximately of the same height. Just use your fingers on monitor to check this. For me this is to much. Second argument is that we are around 150% of the last ATH. -> Time to confirm some levels. Third argument is that stocks raise for Xmas and cash out (roll) for new year for tax reasons. We have more investors this year than we had in previous...
Channels represent how we a weakening. I am disappointed how we didn't hit the top of the green channel. But... Who knows. Maybe we will. Some great impuls day before we do the first grand correction. Please remember. 68%+ correction in the first wave. Allways.
Normally when you anticapate a trend reversal (trend 5+ moves ) or a mid term corrective move (3-5 moves) you draw a linear channel: 1) from bottom through first high (pullback) and then through support 2) from the first bottom set to be on the mid line of the channel, then through top of the pulback and the next low as a bottom. What happens next is the magic...
These two rising channels establish a dispute between what's the right one. Thus price hit one and bounced back to the other. From the dynamic perspective, we have just hit the support (the blue area of linear regression).
DGDUSD has show a positive move in april ending the bear tendency. The project is in stable condition, governance works. Although it is not a milk cow for investors it may be a long term good signal as the founders seem to think long term and consistently follow milestones. They have secure funds converted to USD for years of operation and still more ETH waiting...
You can read from the chart what I mean. It is very low volume and fluctuation. Averyone is waiting.
We are at channel top and at resistance. Dump it.
People fomoing and this will be super cool to dump hard
I can clearly see this last hour move to be agains growing short momentum.