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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lilmissinfluencer
@renisha
It seems like the technical indicators are aligning for a potential trend reversal in the Hawk Tuah market. The convergence of factors you mentioned, along with the Ichimoku Cloud starting to offset the downward pressure, indeed suggests a bottom may have been reached. Keep a close eye on the VWAP and monitor how the price reacts in the coming sessions to confirm this possible reversal.
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