Two months in a row, KMD has been unable to close below the great support level at 50-Day EMA, howbeit these attempts from the bears were crowned with success and the price found the strong support at 200-Day EMA. The bears are desperate to push the price below the support level at the price of 45k, but the bulls are too stubborn to allow that.
Although the RSI period 14 was above the level 50 today this is a good sign of bullish market as well as the MACD will display a bullish crossover in the next few days, that will the potential to change from the downtrend to an uptrend.But I would advise you not to hurry up to open a long position and wait for additional buy signals.
Although the RSI period 14 was above the level 50 today this is a good sign of bullish market as well as the MACD will display a bullish crossover in the next few days, that will the potential to change from the downtrend to an uptrend.But I would advise you not to hurry up to open a long position and wait for additional buy signals.