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33 Posts.
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26/10/20
15:35
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Some more technical analysis for all the fellow chartists.
Bullish signals :
- Supertrend is green and below prices, recent surge has definitely reversed the trend based on this indicator
- SAR behaves similarly, is green and below prices.
- Prices are now only between the SMA 50 and the upper Bollinger, showing trend above average. SMA being a potential resistance.
- MACD minus signal is about to cross the zero line upwards soon, which statistically a good signal for bulls.
- The ichimoku Lagging Chikou span has crossed the price and is now just slightly above them.
- The Ichimoku cloud (Senkou span) is thinning, which is the path to an inversion, with prices not far from crossing it.
- Kidjun and Tenkan Sen are now both showing short term and medium term growth.
- horizontal 0.018 resistance has been weakened with multiple occurrences of breaking last week, shouldn't an obstacle for a rise these days.
Bearish signals:
The Senkou span cloud is still projected above the prices.
indifferentiated signals :
The RSI is quite neutral and calm at 50, plenty of room for buyers.
Fibonacci retracement at 61.8 targets smthg in between 0.021-0.022
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