And while the MACD (moving average divergence/convergence) histogram, the indicator below the price chart, shows strong upward momentum, the stochastic oscillator has turned lower from above-80 or overbought levels, suggesting scope for a bull breather or temporary price pullback. Chart analysts use the MACD to gauge trend strength and trend changes and stochastic to identify overbought and oversold levels.
Related posts
-
Bitcoin (BTC) Price Drops Below 200-Day Average; Bull Market Trendline in Focus
Markets that consistently trade below the 200-day SMA are said to be in a downtrend, while... -
BTC Prices Drop Under $59K, Dogecoin (DOGE) and Solana (SOL) Plunge
Futures trades betting on higher prices lost over $230 million in the past 24 hours, liquidations... -
CleanSpark’s amped hashrate mined 445 Bitcoin in June
CleanSpark capped a busy June with an uptick in mined Bitcoin and a 2x increase in...