🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
WIF — Bullish MACD Trade Setup — 28% Potential
Many of you told me they prefer a written trade setup of a video. That's why I put together the most essential facts about the signal in this post.
What Happened? 👇
WIF flashed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which can lead to a further price increase.
Is This Signal Reliable? 🧐
Unfortunately, we can't run proper backtests on the daily WIF chart simply because there's not enough data available yet. However, on higher timeframes, such as the daily chart, the MACD is considered a valid signal.
What About Other Indicators? 💹
Momentum indicators are neutral, which is absolutely fine. For trend indicators, we (logically) see a mixed picture of bullish and bearish indicators. The ADX shows a light trend, which further seconds the bullish trend.
How About The Chart And Potential? 📉
After its dump, WIF found support at the level of $1.6 and bounced nicely. Therefore, the chart looks promising for further gains and some room to run toward $2.5 - $2.6
#dogwifhat#