After an extended bear run, the cryptocurrency market’s climate seems to have changed for the better with popular altcoins enjoying green pastures recently. Bitcoin, after holding at the $8000 level, looks like it needs notes from alts like Dogecoin, NEO, and XRP on how to hit the ramp.
The Jackson Palmer co-founder cryptocurrency loves sudden rises in prices, and that is precisely what has happened in the course of the last few weeks.
As of now, the Bollinger bands are in the midst of a divergence, which may indicate that there is an imminent bull run. The CMF line was below the zero line, which meant capital movement was less. The RSI showed that DOGE buy trade was more than the sell trade.
NEO has been trying to break away from the sideways moment, and there have been positive indications in the past week. The Bollinger band showed the exact same thing because the upper band and the lower bad was heading for a divergence.
The CMF maintained a healthy distance from the zero line and pointed to the positive capital movement. The RSI was heading away from the oversold zone, a sign that users were buying more of the cryptocurrency.
Ripple’s native cryptocurrency has had a difficult 2019, but its recent performance may indicate a change in fortunes.
The Bollinger bands had diverged completely, which meant that crypto was heading to the greens.
The CMF showed a strong signal of a really positive capital movement. The RSI was also in support of XRP as the line maintained near the overbought zone.
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