Despite the unstable current situation on the cryptocurrency market, the Automatic Engulfing Strategy found the possible price movement reverse from the downtrend to uptrend.
This prediction is strongly supported by techical analysis patterns and indicators. There was the price downward descending trend channel for the last day. Now we can notice the channel breakpoint, which with the other indicators confirmed the trend reverse.
The Accumulation/Distribution Indicalor value have been almost constant during this price falling period. This means that there were no bearish activity and coin is underestimated now.
The Aroon-down line went down, that is the downtrend end evidence. And the last one proof of the future price growth is the crossing of the MACD Line and the Signal Line by the bullish type.
We expect the 3.2% price growth from 0.3163 to 0.3264. The alert was automatically executed by SkyRock Signals trading bot.
This prediction is strongly supported by techical analysis patterns and indicators. There was the price downward descending trend channel for the last day. Now we can notice the channel breakpoint, which with the other indicators confirmed the trend reverse.
The Accumulation/Distribution Indicalor value have been almost constant during this price falling period. This means that there were no bearish activity and coin is underestimated now.
The Aroon-down line went down, that is the downtrend end evidence. And the last one proof of the future price growth is the crossing of the MACD Line and the Signal Line by the bullish type.
We expect the 3.2% price growth from 0.3163 to 0.3264. The alert was automatically executed by SkyRock Signals trading bot.
Trade closed: target reached
Target was reached in less than 3 days. Congratualtions to our subscribers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.