Technical Watch: Sharp Sell Pressure on
$CROSS The hourly candle closed with a strong move:
- Price: 0.09951
- Change: -3.64%
- Price Movement Strength: 4.1x higher than usual
- Trading Activity: 5.0x higher than usual
- RSI: 20.2
- Confirmed break of the lowest low of the last 20 candles
โข Nearest key average: EMA 50 on the 1d timeframe, currently acting as the main resistance.
Analysis of Higher Timeframes:
โข 4H: ๐ Mixed โ the last close is above EMA200, and below EMA20/50. The current candle is trying to break EMA200 downward; we wait for a close below to confirm.
โข 1D: ๐ Mixed โ the last close is above EMA50/200, and below EMA20. The current candle is trying to break EMA50 downward; we wait for a close below to confirm. Closest to price: EMA50.
Technical Summary:
โข 1H: ๐ด Strong and confirmed bearish
โข 4H: ๐ Mixed
โข 1D: ๐ Mixed
Fish Hunter
Note: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction according to your view, then place your trade. Good luck to everyone
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