Trading recommendations: Groestlcoin(GRS), BLOCKTIX(TIX), Digibyte(DGB)

in cryptotrading •  7 years ago 

GRS Found Support

Moreover, the downside pressure seems to be weakening, while the technical indicators are endorsing the bullish scenario. From the technical point of view, in the short-term timeframe, the MACD indicator is approaching the positive bullish crossover, while the RSI is moving slightly higher above the oversold zone. Also, the price has just hit the 200-Day EMA near 6k Sats.

Further gains could see the  resistance barrier, which overlaps with the 50-Day and 100-Day EMA. A jump above the aforementioned obstacle could reinforce the bullish structure in the short-term and open the way towards the next key resistance at 10k Sats.

https://www.tradingview.com/chart/GRSBTC/3q4Q93CB-GRS-Found-Support/

TIX Bears Drive The Market

The pair TIX/BTC tumbled aggressively in the last couple of days and the risk is still to the downside as price continues to move with weak movement. Also, the short-term technical indicators are bearish and point to more downside correction in the market.

In the daily timeframe, the parabolic RSI indicator is signaling further losses. The MACD is heading down without any positive move to make a bullish crossover. I advise you to wait when the RSI will be in the oversold territory and MACD will flash a bullish crossover to open a long position.

https://www.tradingview.com/chart/TIXBTC/9NLeytKl-TIX-Bears-Drive-The-Market/

DGB Remains Under Pressure

In the daily timeframe, the RSI indicator stands in the negative territory and is flattening near the 30 level, while the MACD is strengthening its bullish movement as it will create a uptrend crossover with its signal line. In addition, the 100-Day EMA now act as a strong support line.

On the flip side, upside moves are likely to find resistance at 50-Day EMA. Rising above this area, could help the coin to touch the next resistance level at 1k Sats.

https://www.tradingview.com/chart/DGBBTC/VTCdoXUn-DGB-Remains-Under-Pressure/

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