The following signs can be seen to indicate whether the graph is increasing or decreasing in its current state:
$ETH $BNB 1. "Squeeze" sign (wait)
If you notice at the end of the chart, the yellow line ( MA7 ) and the pink line ( MA25 ) are getting very close. The candles are also crowded in between the two lines. This shows that the market is preparing to make a big move (up or down).
2. Bullish Signs
Support: The price is struggling to stay above the pink line ( 2,232 ). If it finds "Support" at this line, there is a high chance of a rebound.
MA99 (blue line): It is coming up from below (2,196). This will be a strong support for the market and will help prevent the market from falling too much.
3. Bearish Signs
Resistance: The last candlesticks are below the yellow line ( 2,236 ). This means the market has a little bit of "Selling Pressure".
If the price closes below the pink line ( 2,232 ), it could fall towards the blue line ( 2,200 ).
Summary and decision:
As the market is currently moving "Sideways" , it is better to be a little patient than to make a decision right away.
To Buy (Long): It is safe to enter when the price breaks above the yellow line ( above 2,240 ) and the candle closes.
Short/Wait: If the price closes below the pink line ( below 2,230 ), it means the market will decline for a while.
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