{"id":260393,"date":"2024-03-07T03:32:27","date_gmt":"2024-03-06T22:02:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=260393"},"modified":"2024-03-07T03:32:27","modified_gmt":"2024-03-06T22:02:27","slug":"bulls-gain-some-ground-bears-are-still-around-the-corner-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bulls-gain-some-ground-bears-are-still-around-the-corner-crypto-news\/","title":{"rendered":"Bulls gain some ground, bears are still around the corner &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The daily chart of the NZD\/JPY shows a period of consolidation following last week\u2019s sharp losses.<\/strong><\/li>\n<li><strong>Red bars seen consistently on the daily MACD further depict a steady selling momentum.<\/strong><\/li>\n<li><strong>RSI values on the hourly chart signal short-term buyer domination.<\/strong><\/li>\n<\/ul>\n<p>In Wednesday\u2019s session, the NZD\/JPY showed some gains. Bears seem to be consolidating last week\u2019s losses but for the short term, the outlook is turning negative. The overall trend, however, remains bullish.<\/p>\n<p>On the daily <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a>, the\u00a0Relative Strength Index (RSI) displays a positive slope in negative territory. It quickly corrected overbought conditions reached last week and\u00a0fell below 50. This indicates a shift in momentum with sellers gaining ground. The consistently flat red bars on the Moving Average Convergence Divergence (MACD) histogram further show a decline in positive momentum, reinforcing the selling pressure taking place.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY daily chart<\/h2>\n<\/p>\n<p>Examining the hourly chart, RSI values hover within positive territory suggesting buyers dominate shorter-term trades. Simultaneously, the decreasing green bars on the MACD histogram indicate a drop in positive momentum. Despite temporary bearish pressure, the pair displays strength in a broader perspective, given its position above the 100 and 200-day Simple Moving Averages (SMAs).<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY hourly chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_NZD_JPY_2024-03-06_17-49-44-638453564302438900.png\" \/><\/p>\n<p>In conclusion, while sellers appear to have gained traction intraday according to the daily RSI and MACD, the overarching trend remains bullish. The pair holds resilience above the long-term averages.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The daily chart of the NZD\/JPY shows a period of consolidation following last week\u2019s sharp losses. Red bars seen consistently on the daily MACD further depict a steady selling momentum. RSI values on the hourly chart signal short-term buyer domination. In Wednesday\u2019s session, the NZD\/JPY showed some gains. Bears seem to be consolidating last [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,255,250,5192,252,247,253,249,256,254],"class_list":["post-260393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdjpy","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=260393"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260393\/revisions"}],"predecessor-version":[{"id":260395,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260393\/revisions\/260395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/54117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=260393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}