Habib-Trader-806
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Signal trend 📈 📈 📈 📈
Looking at your chart for INIT/USDT on the 1-hour timeframe:
Recent trend: It shows a downward movement after peaking near 0.9870.
Current price: 0.8438, and it's below the yellow (MA 7) and purple (MA 25) moving averages.
Moving Averages: The short-term MA (7) is crossing below the mid-term MA (25), which is usually a bearish sign.
MACD (bottom indicator): It's slightly negative (MACD < 0 and DIF < DEA), which suggests bearish momentum.
Summary:
Currently in a short-term downtrend.
However, the longer-term MA (99) (purple line) is still under the price, showing that the overall higher timeframe trend might still be healthy — this could just be a pullback.
Would you like me to also check if there's a nearby support level you can watch?
#INIT #FutureTarding #BinanceSquareTalks
Looking at your chart for INIT/USDT on the 1-hour timeframe:
Recent trend: It shows a downward movement after peaking near 0.9870.
Current price: 0.8438, and it's below the yellow (MA 7) and purple (MA 25) moving averages.
Moving Averages: The short-term MA (7) is crossing below the mid-term MA (25), which is usually a bearish sign.
MACD (bottom indicator): It's slightly negative (MACD < 0 and DIF < DEA), which suggests bearish momentum.
Summary:
Currently in a short-term downtrend.
However, the longer-term MA (99) (purple line) is still under the price, showing that the overall higher timeframe trend might still be healthy — this could just be a pullback.
Would you like me to also check if there's a nearby support level you can watch?
#INIT #FutureTarding #BinanceSquareTalks
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