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Correction is the best time to buy

Nov 8, 2019

The market closes in the red zone for the second week in a row. But not everything is lost, because if we look at the weekly capitalization chart, we will see t the indicator showing only a slight correction after a strong rally up. We spoke about the last analysis of the capitalization chart.

The news background is neutral and it’s too early to talk about a U-turn. The MACD histogram indicates a return value above the 0 mark, which signals the sellers’ weakness.

Market capitalization may drop to the $210-215 bln region and, in turn, will test the support line, as well as MA50. Both factors can give an excellent impetus to continue the uptrend.

Recents posts

TRX doesn’t suffer from market fluctuations
No panic for now: correction is still on
The week started with a fall
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