Philippine Market Still in Bearish Mode. Trading With Caution. Which Markets / Asset Class to Look at Instead?

scion02b in #hive-167922 • 4 days ago

https://img.inleo.io/DQmZTg4jTugogTsP5h3LnHa2zDdt6Bg1jsCE4nvdK9hLiYW/DALL%C2%B7E%202025-01-26%2020.47.42%20-%20A%20digital%20illustration%20of%20a%20cautious%20trader%20sitting%20at%20a%20desk%20in%20front%20of%20multiple%20monitors%20displaying%20stock%20charts%20and%20candlestick%20patterns,%20with%20a%20t.webp

Philippine Market (PSE): Avoid

Current index levels has broken channel support. MACD is still far from crossing zero and RSI does not show much strength. Hence, I'm avoiding the Philippine market for now. Really need to look at other markets instead.

I have my eyes on DMC, as its chart looks good; however, based on some broker, it's already near its fair value.

Cryptocurrency (BTC, ADA)

Bitcoin is trying to breach outside the trading channel. I would probably buy on breakout.

Meanwhile, ADA shows some promise given the EMA cross and its price is right smack in the middle of the Bollinger bands. Hopefully would get some boost this week!

Not much interesting movements so far in general. Most are still waiting for further confirmation.

All charts via Investagrams
Posted Using INLEO

#hiveph #trading #pse #ada #btc #cryptocurrency #finance #proofofbrain

Sort:

Trending

[-]

adamada 4 days ago

Sold my SCC and DMC holdings, still bearish but I bought those at even lower points in the downtrend so a gain is a gain~

0.00 VYB

1 vote

[-]

scion02b 4 days ago

I also have DMC and was looking to exit. But recently thinking if I add more. Depends on the coming days. hehe

Congrats on the gains!

0.00 VYB

1 vote

[-]

team-philippines 4 days ago

If you want to learn about how to get supported by
Team PH Curation.
You need to join the Team-phillipines discord and come talk with @Arveno in the #Bloggers-lounge
Stake at least 10k TeamPH token on your own HIVE account.

0.00 VYB

[-]

hivebuzz 2 days ago

Congratulations @scion02b! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 11000 upvotes.
Your next target is to reach 12000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Check out our last posts:

	Hive Power Up Day - February 1st 2025
	Distriator Infographic Contest - Win 300 HIVE and a badge!

0.00 VYB