{"id":266385,"date":"2024-03-17T07:44:36","date_gmt":"2024-03-17T02:14:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=266385"},"modified":"2024-03-17T07:44:36","modified_gmt":"2024-03-17T02:14:36","slug":"bears-maintain-control-despite-recent-bullish-resurgence-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bears-maintain-control-despite-recent-bullish-resurgence-crypto-news\/","title":{"rendered":"Bears maintain control, despite recent bullish resurgence &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>On the daily chart, sellers remain in control despite the improvement of the RSI and MACD.<\/strong><\/li>\n<li><strong>While the daily chart emits bearish signals, the hourly indicators provide a more balanced picture, showcasing an equilibrium between buyers and sellers.<\/strong><\/li>\n<li><strong>The cross saw a recovery during the American session and managed to clear daily losses.<\/strong><\/li>\n<\/ul>\n<p>In Friday&#8217;s session, the NZD\/JPY is trading at 90.70, recording a slight loss of 0.22% after bottoming at a low of 90.35. The positioning of the pair above the key 100 and 200-day Simple Moving Averages (SMAs) might hint at bullish prospects in the overall trend, yet the shorter technical outlook tilts toward the bears as it trades below the 20-day average.<\/p>\n<p>On the daily chart, the NZD\/JPY&#8217;s Relative Strength Index (RSI) has been in negative territory, signaling that sellers have been dominant. The Moving Average Convergence Divergence (MACD) doesn&#8217;t present any brighter picture either. Its histogram has flat red bars, indicating negative momentum and a lack of buying strength.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY daily chart<\/h2>\n<\/p>\n<p>Switching to the hourly chart, the RSI recovered towards 50, the neutral level, suggesting a balance between buyers and sellers. On the other hand, the MACD histogram displays flat green bars, indicating a steady positive momentum.<\/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_2024-03-15_15-50-46-638461261495668179.png\" style=\"width: 1653px;height: 825px\" \/><\/p>\n<p>To conclude, the broader daily analysis paints a reasonably bearish picture, with the RSI and MACD indicating seller dominance and the pair below the 20-day SMA. Yet, the hourly chart presents a somewhat mixed picture, showing a balance between buyers and sellers. Considering the pair&#8217;s position above the 100 and 200-day SMAs, despite the immediate bearish sentiment, the bulls might still have a chance to regain control.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On the daily chart, sellers remain in control despite the improvement of the RSI and MACD. While the daily chart emits bearish signals, the hourly indicators provide a more balanced picture, showcasing an equilibrium between buyers and sellers. The cross saw a recovery during the American session and managed to clear daily losses. In Friday&#8217;s [&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":[201,248,251,246,298,257,276,255,250,5192,252,247,253,249,308,256,254],"class_list":["post-266385","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-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266385","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=266385"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266385\/revisions"}],"predecessor-version":[{"id":266387,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266385\/revisions\/266387"}],"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=266385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=266385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=266385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}