KITE $0.09 ON ULTIMATUM: The Whales SELL and the MACD gives the BEARISH SIGNAL. HANG ON
Hey, you! Did you see that epic fall? KITE plummeted by 8.75% while the entire market was having a rough time, but KITE did it worse! 📉 The fear in the market is real, the famous "Fear & Greed" index is at 20 (Extreme Fear! 😱). It's like when the leader of the pack (Bitcoin) gets nervous and all the pups (altcoins) suffer more. 🐺
Analyzing the Chart: The Data Doesn’t Lie! 📊
What we just experienced is a break of the key support.
Price and Moving Averages (MA): The price of KITE is right at $0.0972. Notice how it just broke and positioned itself below the three main Moving Averages: MA(7), MA(25), and, most critically, the MA(99) and the MA(200) (the green line). For the price to fall below the 200-period MA is a classic signal that the long-term trend is turning bearish. 🐻 In plain language: the party is over, at least for now.
Analyzing the Chart: The Data Doesn’t Lie! 📊
What we just experienced is a break of the key support.
Price and Moving Averages (MA): The price of KITE is right at $0.0972. Notice how it just broke and positioned itself below the three main Moving Averages: MA(7), MA(25), and, most critically, the MA(99) and the MA(200) (the green line). For the price to fall below the 200-period MA is a classic signal that the long-term trend is turning bearish. 🐻 In plain language: the party is over, at least for now.
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KITE
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