Be wary of pullbacks in the short term, but remain bullish in the long term!
TRX from the K-line
EMA moving average:
The current price is above EMA20 (0.2669 USDT), indicating a strong short-term trend.
EMA60 (0.2174 USDT) and EMA120 (0.1882 USDT) serve as support levels, which are currently far away, indicating that the medium- and long-term trend is still healthy and bullish.
MACD indicator:
The fast line (0.0275) and the slow line (0.0294) are getting closer, and a "death cross" signal appears. We need to be vigilant about the risk of a pullback in the short term.
The shortening of the red column shows that the bullish momentum is weakening and the power of short selling is increasing.
RSI indicator:
The RSI is 58.05, close to the overbought zone but not yet reaching the warning line (70), indicating that market sentiment is neutral to optimistic.
My opinion:
Short term There may be more selling pressure in the short term, it is recommended to pay attention to the support level near EMA20 (0.2669 USDT), if it breaks below, be cautious of the possibility of testing EMA60.
Bullish in the long term
