BTCUSD 4H Overbought, Warning!
Bitcoin price is seen approaching the 10-Day EMA line, which has been providing support since Feburary. However this time other indicators are sending bearish signal. RSI indicator indicates that the stock is overbought. The RSI indicator is currently at 73.25 level, above the overbought threshold of 70. MACD also indicates that prices are likely to drop. In a bearish move, the signal will crossed MACD line from below. However, the Bitcoin’s main test will be the 20-Day and 50-Day EMA line.
https://www.tradingview.com/chart/BTCUSD/1RFH691H-BTCUSD-4H-Overbought-Warning/
What do u think? Verge VS DGB
I have found a suitable comparison. Generally speaking, history repeats itself and the price always comes back. To be honest, we all love something new, for example, we need to change cars once a year or fly to different countries, in the case of DGB and XVG, I can safely assume that we are dealing with one major player in the market who likes to change things once a year.
Let's start the analysis. In the last few weeks XVG showed a weak downward trend. The RSI was below 50, bears in the market, the same trend is confirmed by the MACD which is now below zero. In the next few weeks, I expect that the Verge will be traded at 750-700 Sats, and then smoothly reach its fair price the same as DGB did. I will follow the daily schedule closely, because I'm very interested in whether the coin price can break through the center line (MACD) and how strong the trend will be, how rapidly will the market move within this trend.
https://www.tradingview.com/chart/DGBBTC/DENd6Gbz-What-do-You-think-Verge-VS-DGB/
OmiseGo Bullish Market
OmiseGo token price is moving above the 20-Day EMA line. OMG is in uptrend since beginning of mid-December, and has crossed above the 100-Day EMA. The token had formed an inverted head and shoulders, leading to the bullish trend. The RSI is still not in the overbought zone and above 50, indicating that the token has still momentum left in it to touch the resistance level at 0.0021. While MACD is below the zero centerline, it has started moving upwards.
https://www.tradingview.com/chart/OMGBTC/QTnH3eNj-OmiseGo-Bullish-Market/
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