YOYOW Low Is In?
Looking at YOYOW (YOYOBTC), this pair is in a potential "bounce zone".
It is still too early to call because prices are still trading below EMA10, which is bearish...
But, we have many altcoins going through exactly the same pattern.
1) Drop below support.
2) Strong high volume bounce.
3) Multiple bullish signals present...
And then back up!
All these charts are also printing bullish divergence with the MACD, which supports the 'bounce' perspective and is also available on this one.
Thanks a lot for your support.
Namaste.
(This is not financial advice).
- A new All-Time Low was hit 7-May.
- We have really good volume after it with two green candles.
It is still too early to call because prices are still trading below EMA10, which is bearish...
But, we have many altcoins going through exactly the same pattern.
1) Drop below support.
2) Strong high volume bounce.
3) Multiple bullish signals present...
And then back up!
All these charts are also printing bullish divergence with the MACD, which supports the 'bounce' perspective and is also available on this one.
Thanks a lot for your support.
Namaste.
(This is not financial advice).
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