GHST Shows Mixed Signals as RSI Hits Overbought Territory

In recent market activity, #GHST experienced noticeable oscillations as demonstrated in the 1-hour chart. Closing prices displayed marginal volatility, with the last five values at $0.922, $0.914, $1.203, $1.206, and $1.184 respectively.

On the Exponential Moving Average (EMA) front, the 9 EMA indicates a gradual uptrend, going from $0.92 to $1.06 in the recent days. Similarly, the 20 EMA shows a steady trend upwards, moving from $0.91 to $0.99. This suggests a general bullish trend, indicating that buyers could be regaining control of the GHST price.

The Moving Average Convergence Divergence (MACD), on the other hand, provides a mixed bag of insights. The initial figures suggest a slight downward slope, but this is quickly followed by a sharp rise, denoting a strong bullish impulse. Throughout these phases, the MACD line remains above the signal line, indicating a positive momentum.

In terms of the Relative Strength Index (RSI), the latest figures range from 57.45 to 90.19, showing an overbought condition. Though the RSI peaked around 90, it started to normalize around 84, suggesting potential selling pressure in the near horizon.

As for resistance and support levels, resistance levels have not yet formed. However, key support levels to watch out for are at the $0.91, $0.896, and $0.883 marks. Given the bullish indicators, investors should consider long trades if the GHST price holds above these critical support levels, presenting favorable entry points. Conversely, should the $GHST price fall below these levels, it may trigger short-selling interests. The full analysis and trade strategy were posted on www.ecoinimist.com.