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$USUAL
looks that it will pump soon…what do you think…🚀🚀🚀
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$SOL and $ETH are like siblings…coincidence or not? RSI and MADC are also very similar. Most of users around the world have same behaviors and trade strategy or there is something bigger behind of it… Let’s learn from that and observe… What do you think?
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$SOL I mentioned in the last post about the RSI of Solana and $ETH and the high possibility of price decreasing…now we can see they dropping a bit more… Decisions must be made based on data…let’s learn together and keep an eye…
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$SOL streamline of 1d…MADC crossing 0 and RSI below 30…this is a strong indicator that the price may drop a bit more..
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$ETH streamline of 1d…MADC is very close to cross 0 and RSI below 30…this is a strong indicator that the price may drop a bit more…let’s see
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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 $ETH $SOL
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