TREND-FOLLOWING STRATEGY

During range periods, the two lines from your MACD are usually very close together and they hover around the 0-line; this means that there is no momentum and no strength in the market.

Let's take a look at the chart study below to understand how the MACD helps us understand the different market periods.

At point #1, the price traded in a narrow range while the MACD lines hovered closely around the 0-line and constantly crossed each other. When the price broke out, the two indicator lines pulled away from the 0-line and separated from each other.

You can also draw trendlines or support and resistance levels directly on your MACD indicator. A breakout of the MACD is another important momentum signal.

During the following trend, the MACD lines stayed well above the 0-line, confirming the overall bullish sentiment. The Moving Averages on the price chart can be a great add-on for a trend-following trading approach; they keep you in trends until the Moving Averages have been broken.

The price entered a sideways consolidation period at point #3. The MACD pulled back all the way to the 0-line during the consolidation. The breakout of the MACD lines and the price action led to the next trending phase.

During the trending phase (#4) the MACD stayed above the 0-line once again. As long as the MACD is above 0, the bullish trend is valid.

At the top (#5), the price made higher highs whereas the MACD made lower highs. This is a classic divergence signal. A divergence signals a loss in trend momentum and is a strong reversal pattern.

After the divergence, the price reversed strongly to the downside and the MACD fell below the 0-line for the first time. This started the new down-trending period with the MACD staying below 0 all the way.

Look at the data and make your conclusions…let’s learn how to make good decisions…
Have a look at your coins…what is your conclusion…
Source :Tradeciety

One bullish signal is when the RSI crosses below 30, where it would be considered oversold. But as noted above, bullish RSI signals are best used in uptrends. In a strong downtrend, the trend can continue well after momentum indicators have hit oversold levels. In addition, any trade entered on this signal may offer limited upside, since you’d likely be trading against a strong, recent trend.

Following a strong uptrend, another bullish RSI signal is a reversal after a decline to around 40-50, an area considered support during an uptrend. This is often confirmation of a positive momentum shift back toward the uptrend after a pullback, signaling potential for continued gains.

Keep an eye at the indicators instead of the publications that can influence you to make wrong decisions…the predictions must be based on data…

$ETH The relative strength index (RSI) signals whether an instrument is considered overbought or oversold based on its recent price action. The RSI is an oscillator that calculates the average price gains and losses over a given period. The default is 14 periods with values bounded from 0 to 100. A reading above 70 suggests an overbought condition, while a reading below 30 is considered oversold, with both potentially signaling a top or a bottom is forming.
ETH is showing a RSI(6) below 30 and RSI(12) 37, which means that probably it will decrease a bit more…what do you think?

$SOL The relative strength index (RSI) signals whether an instrument is considered overbought or oversold based on its recent price action. The RSI is an oscillator that calculates the average price gains and losses over a given period. The default is 14 periods with values bounded from 0 to 100. A reading above 70 suggests an overbought condition, while a reading below 30 is considered oversold, with both potentially signaling a top or a bottom is forming.
Solana is showing two RSI indicators below 30 which means strong selling and it will probably decrease a bit more…
Time to keep an eye instead of buying right now…what do you think?

$USUAL I told you… 🚀🚀🚀

$USUAL looks that it will pump soon…what do you think…🚀🚀🚀

$USUAL raising again…🚀🚀🚀

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The rocket will be staring soon 🚀🚀🚀 fasten your seatbelts…

$XLM looks better from now…is it time to 0.54?