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Awesome Oscillator bearish trend gaining momentum even as the prices are on the rise.
Aroon down line is closer to 100, indicating a bearish trend. However, the trend appears to be weakening and the bullish trend does not seem to gain momentum.
MACD line is under the signal line right after a crossover, indicating a bearish market.
1-day
Source: Trading View
The one-day chart shows a downtrend from $ 432.36 to $ 218.27, which continued further to $ 96.74. The coin did not show a significant uptrend. The coin registered for immediate resistance at $ 123.05 and a strong support at $ 83.
Bollinger Bands a bullish market as the moving average line appears to be above the candles. As a converging point but may diverge as the previous trends.
Parabolic SAR notes a bearish market, as the markers are above the candles.
Chaikin Money Flow, on the other hand, showcases at bearish trend, as the line seems to travel upwards and cross zero.
Conclusion
As for the CMF and Awesome Oscillator, the market appears to be bearish but other indicators like Bollinger Bands, point towards a bullish trend. However, many coins are performing well since December 17 and have double digits growth. Things could also change for the third largest coin on the list.
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