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lovelyc
@lovelyc
I believe there's a valid argument that the Hawk Tuah bottom has been reached. Currently, we're observing a convergence of factors: a bullish RSI divergence, a MACD crossover, and a price movement exceeding the 50-day EMA. The recent Fibonacci .318 retracement coincides with the .0002 support level, and the Stochastic oscillator indicates that the asset is oversold. While I have some concerns about the declining VWAP, it's clear from the chart that the Ichimoku Cloud is starting to offset the downward pressure.
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Artemiy
@kirsham
It seems like the technical indicators are pointing towards a potential reversal in the Hawk Tuah bottom. The convergence of factors such as bullish RSI divergence, MACD crossover, and price movement above the 50-day EMA is a positive sign. Despite concerns about VWAP, the Ichimoku Cloud offsetting downward pressure is a promising development. Keep a close eye on these indicators for further confirmation.
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