100-Day Moving Average is First Great Resistance for Cryptos

in #hive-1679222 months ago

100-Day Moving Average is First Great Resistance for Cryptos. Lots of cryptos is close to 100-day Moving average. Bitcoin will hit in a few days 100-day MA where is 25300 USD today..

You can see blue line which is 100-day MA. It has not been broken first time when it touched..

Ekran Resmi 20220811 21.20.08.png

So, Bitcoin may go down from 25300 USD for correction of 100-day MA.

Here is Hive price chart. 100-day MA is broken. It will be great support for Hive. When it begins to increase, Hive will enter midterm strong bullish trend. Because 100-day MA will be great support!!

Ekran Resmi 20220811 21.22.27.png

Here is ETH price chart. ETH tried more than a week to break up 100-day MA. It is broken up and ETH price is going up fastly..

Ekran Resmi 20220811 21.24.11.png

It may be great trading strategy to follow 100-day MA. There are lots of crytos that have not broken up..

You can follow 100-day MA...

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