Technical Watch: Buying Acceleration on
$COAI The hour candle closed with clear momentum:
- Price: 0.3177
- Change: +7.33%
- Price Momentum Strength: 7.3x higher than usual
- Trading Activity: 10.9x higher than usual
- RSI: 84.7
- Confirmed breakout above the highest point of the last 20 candles
โข On the 1H timeframe: Price is above EMA 20, 50, and 200.
Analysis of Higher Timeframes:
โข 4H: ๐ Mixed โ the last close is above EMA20/50, and below EMA200. The current candle is trying to break upward through EMA200; we await a close above it for confirmation.
โข 1D: ๐ด Bearish โ the last close was below EMA20/50/200; staying below them supports the bearish trend. The current candle is trying to break upward through EMA20/50; we await a close above it for confirmation.
Technical Summary:
โข 1H: ๐ข Strong and confirmed bullish
โข 4H: ๐ Mixed
โข 1D: ๐ด Bearish
Fish Hunter
Alert: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction based on your view, then place your trade. Good luck to everyone
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