Hedera Hashgraph (HBAR) vs USD - Dragonfly DOJI

A number of bullish indicators following an oversold condition (orange column) on the above 1-day chart. We have:

1) Following the oversold condition we have a Dragonfly DOJI candle indicating strong buying pressure.

2) MFI resistance is broken, can only go up from here.

3) Support on the 21-week moving average (green line) following a test by price action on the 2-day chart below.

The bearish - price action is trading below the 21-day moving average. It could very well be tested and then rejected. Why am I bullish then? The oscillators (orange column) - often following such extreme oversold conditions I'll find price action ignores resistance on the 21-day. The more conservative amongst us will wait for 21-day support!

Commentaire:

Dragonfly DOJI's on the 8hr charts across all high volume exchanges - easy money.

Commentaire:

Price action makes a healthy transition to the bullish half of the Bollinger Band.

Look out for a higher low if support on the 21-day is confirmed, this would be a strong indication of a trend reversal.

Commentaire:

16% increase in price action at the same time price action entered a bear market (50-day moving average crosses down 200-day with price action below the 200-day moving average).

Transaction en cours

Ordre annulé:

broken market structure - not worth it - will have a look next month

Transaction en cours

Commentaire:

Past resistance becomes support.

Transaction en cours:

80% in 121 days - Alt season is be here.

Commentaire:

90% up so far and overbought but not yet a 'sell'.

Commentaire:

320% up so far. RSI support continues to hold despite a bearish divergence appearing.

A lot of alt-coins are showing overbought conditions at the moment.

Commentaire:

Now up just a little over 1000%,

Price action is currently overbought yet no sell signal. Nevertheless I'd be taking profits now at those levels for sure.