six pfp
six
@six
I think there's a reasonable case the Hawk Tuah bottom is in. What we're seeing here is a confluence of a bullish RSI divergence, a MACD crossover, and a price move above the 50D EMA. The recent Fibonacci .318 retracement aligns with the .0002 support along with the Stochastic oscillator pointing to the asset being oversold. I'm a bit concerned about decreasing VWAP but on the chart you can see the Ichimoku Cloud beginning to counterbalance the downward pressure there.
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eirrann | he/him pfp
eirrann | he/him
@eirrann.eth
While I'm not actually sure if this analysis is genuine or satirical, I'd love to get any advice on beginner's level resources (free online courses, good YouTube channels, etc) for reading trading charts and basic indicators/signals like VWAP, KST, RCI, MACD etc.
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six pfp
six
@six
It’s satirical, idk much about TA really so unfortunately don’t have any advice or resources
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