Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bul...
Crypto trader James Wynn has predicted that the Bitcoin price rally is not done, with an all-time high expected to happen soon. This comes as the Bitcoin price has continued to stall between $102,000 and $106,000 with no discernible pattern that could point to where the price could be headed next. While the new all-time […]
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Terra’s LUNA has been trending to the downside in the past few days, but different indicators show interesting signs and the next price movements could be fundamental to confirm either an extremely bullish or a bearish signal. Related Reading | LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price? What Is Boiling Up In LUNA’s Weekly Timeframe? When an anonymous trader used Moving Average Convergence Divergence (MACD) to analyze LUNA’s next possible movements, the weekly chart showed an interesting crossover. “Something is up on $LUNA weekly....
Crypto analyst Merlijn The Trader has published a detailed Bitcoin chart analysis, pointing to a rare monthly Moving Average Convergence Divergence (MACD) setup that has preceded major bull runs in BTC’s history. According to the analyst, Bitcoin is showing signs of repeating the same MACD, signaling a potential bullish turnaround ahead. He noted that the […]
Bitcoin price is back at $48,000 and with the most recent weekly close, momentum has flipped bullish for the very first time this year. With the momentum now behind bulls, what might this mean for the cryptocurrency market in the weeks and months ahead? The MACD And Bullish Weekly Bitcoin Momentum Markets are always seeking equilibrium. When a large move materializes, the same momentum that carried an asset upward, pulls it downward when the trend begins to topple. This makes momentum among the most important factors in determining if and when a trend might change. Related Reading |....
LUNA’s price still risks correcting, however, with a weakening RSI and decreasing trading volume. A technical setup that preceded an 80% price rally in the Terra (LUNA) market in August 2021 has appeared again.LUNA paints bullish MACD crossoverThe technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the nine-week MA called the signal line, plotted above the zero line, as shown in the chart below.LUNA/USD weekly MACD illustration. Source: TradingViewTogether,....
Bitcoin price is down nearly 10% from recent highs set earlier this month, but the underlying strength of the price action is beginning to fade ever so slightly. The weekly MACD is also turning , potentially ready to cross over for the first time in months. Here’s how such a bearish crossover could result in […]