The last week's trading action shows the downside test of a of a 40-degree uptrend that began in September; last Friday's close of $0.029 sits exactly on this trendline:
Taking a slightly broader view, daily price action continues above the 20-day moving average, which currently sits at $0.025:
For the first time in 2019, September's trading action shows a cross and inversion in the EMA Ribbon; from January to August, the 55-EMA (red line) was always at the top of the ribbon. For the last two weeks however, the 55-EMA has become the bottom of the ribbon, while the 20-EMA (yellow line) is at the top:
To pull three sentences from Investopedia:
"When the ribbon contracts [mid August], that indicates the price has entered a consolidation or pullback phase.
When the ribbons cross [late August], that can indicate a potential trend change. Some traders may wait for all the ribbons to cross to confirm a price reversal, while others may only need to see a few of the MAs cross before taking action.
When the ribbon is expanding [September], that helps confirm a strengthening trend. For example, during a strong price rise, the MAs will fan out as the shorter MAs pull away from the longer-period MAs."
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $24.39K | 2.996M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
46 | 25808100 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1027960 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 19551325 | 0.007 |
21 | 7278885 | 0.006 |
17 | 9720398 | 0.005 |
7 | 4250000 | 0.004 |
3 | 3000000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3727960 | 4 |
0.009 | 4699764 | 12 |
0.010 | 7732616 | 23 |
0.011 | 1761750 | 7 |
0.012 | 5368667 | 8 |
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