Falling wedge pattern, coming to an end.
RSI is less than 50 - Showing a current Downtrend.
It also signifys that it has a lot of potential for a pump.
It's currently in accumulation phase.
MACD shows a change in momentum coming around, with gradual volume loss on selling pressure, although still showing bearish
STOCH - Shows it is now entering the buy area <= 20
Not my usual indicator to go off, but overall looks prime for a good pump again, 7d and 25d MA's are currently below the baseline, with the baseline having an awkward kick upwards on the last couple candles.
DYOR as always
RSI is less than 50 - Showing a current Downtrend.
It also signifys that it has a lot of potential for a pump.
It's currently in accumulation phase.
MACD shows a change in momentum coming around, with gradual volume loss on selling pressure, although still showing bearish
STOCH - Shows it is now entering the buy area <= 20
Not my usual indicator to go off, but overall looks prime for a good pump again, 7d and 25d MA's are currently below the baseline, with the baseline having an awkward kick upwards on the last couple candles.
DYOR as always
Come join me over at Cryptohub - The number 1 place for all things Crypto:
discord.gg/cryptohub
discord.gg/cryptohub