EDGBTC on Bittrex is currently moving within Bearish Price Channel on 1 hour chart. 5 day MA is turning upwards which is a positive indidation.
The first sign of a trend change would occur when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change. A break below channel line support would be bearish and indicate an acceleration of the decline.
The first sign of a trend change would occur when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change. A break below channel line support would be bearish and indicate an acceleration of the decline.
Comment:
Comment:
Look at the daily chart, bouncing perfectly from trend line support
Comment:
30 min chart showing nice uptrend after yesterday's dip.
5 day MA showing clear trend reversal on short term.
If it is able to break through cloud resistance we should see further move up on back of upcoming news on Jan 2th
5 day MA showing clear trend reversal on short term.
If it is able to break through cloud resistance we should see further move up on back of upcoming news on Jan 2th
Comment:
Price action remains within the channel which means it is continuing short term down trend. But it seems to be making higher lows and price staying near Main Trend Line resistance. 5D moving average is about to cross over 20d MA. Though this is a bearish channel but if good volume comes in and it breaks above upper trend line, we are up for a trend reversal.
Comment:
Charts never lie.... $EDG breaking out. If strong volumes comes breakout would be confirmed!