Description
⋅ To have a "volume breakout" the daily volume doesn't necessarily needs to be big/strong, it just needs to be above-average for several weeks.
Notice the chart above...
Today's volume bar is the highest volume bar we've had on the LSKBTC chart since 26-May, that's over 4 weeks.
A volume breakout can signal that the trend is about to change.
Now, we also have the MACD bullish cross.
Here is the chart:
The blue line we call MACD.
The orange line we call Signal.
When the MACD crosses up the Signal line we have the bullish cross.
Also notice the histogram going green.
This can signals that the MACD is about to move higher which can translate to higher prices...
The charts are always changing of course, so if you were to trade, you need to have a plan developed BEFORE buying any coins.
Thanks for reading all the way to the end.
I hope you are learning/being entertained.
Namaste.