A boost showed up and turned the numbers from red to green. The divergence in the MACD of the 1-hour chart brought a rebound but still was limited by the cross of the MA5 and MA10, which is located at the level of $6,350. A golden cross has shown up in the MACD of the 4-hours chart, which means that in the short-term market, a rebound is still required. However, the pressure above is too heavy, volume needs to be increased so that the pressure can be broken. If not, the rebound would just be a rebound. Before the pressure is broken, long is not available. Focus on the pressures from $6,350 to $6,400.
A rebound was also brought up to the table by the divergence in the MACD. As the market rose, the MA5, MA10, and MA20 has crossed at $132. Since the moving averages were presented like this way and were above the candlesticks, the market remained a bearish signal. It is hard to solve the problem in the short term. In addition, after the 2 continuous positive lines in the 4-hours chart showed up, the third one was weakened. And the pressure above is too heavy, we should be careful that the market drops back. Focus more on the pressure at $132, long if it is broken with enough volume.
Earn 180% profit within 1 min: bitoffer.com/en/digital
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
A rebound was also brought up to the table by the divergence in the MACD. As the market rose, the MA5, MA10, and MA20 has crossed at $132. Since the moving averages were presented like this way and were above the candlesticks, the market remained a bearish signal. It is hard to solve the problem in the short term. In addition, after the 2 continuous positive lines in the 4-hours chart showed up, the third one was weakened. And the pressure above is too heavy, we should be careful that the market drops back. Focus more on the pressure at $132, long if it is broken with enough volume.
Earn 180% profit within 1 min: bitoffer.com/en/digital
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.