Soaring? PIPPIN's hourly chart reveals a 'false rebound' death cross! Will it peak at 0.45 tonight or crash to 0.25? Mig provides an in-depth analysis, guiding retail investors!
Brothers, I am Mig.
Today while watching the market, I found something off with PIPPIN that we are关注, so I quickly came to chat with everyone.
Reverse thinking: a death cross is not the end, but a deep squat before the jump!
Current price is 0.3358, many people have been scared by the MACD 'death cross'. But if you look closely: where are the yellow and white lines? Above the zero axis!
What does this represent? It means the overall trend hasn't gone bad; the bulls are just taking a breather for now! This is called 'air refueling', a typical method of washing out positions in a strong market, specifically to scare technical retail investors into selling. Shrinking volume? That's the calm before the storm; the main players are quietly accumulating!
