Let's take a look at one signal on the SPHRBTC (Sphere) trading pair chart... We are going to focus on MA200.
Looking at the chart above, we can see MA200 going below SPHRBTC on low volume, while prices move above EMA10. EMA10 also had a bullish cross with MA200.
After seeing this signal, where a major resistance level has been conquered, we know that SPHRBTC is now open for a strong bullish move.
If prices remain trading above MA200 (0.00000774), this possibility of a strong move taking form stays open and can happen at any given time.
But if prices move below EMA10 and then MA200, the above signals become invalid and we switch our view from bullish to bearish... We know what to do, at all times, if the chart changes and prices drop.
On the way up, our target is set at EMA300... We are likely to see this move develop within 1-3 weeks.
This is not financial advice. Thanks a lot for reading.