The Hourly View for TWTR
Currently, TWTR’s price is down $-1.92 (-2.78%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 100 hour changed directions on TWTR; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
TWTR’s Technical Outlook on the Daily Chart
At the time of this writing, TWTR’s price is down $-3.76 (-5.33%) from the day prior. The daily chart shows that TWTR has seen 2 straight down days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Twitter Inc’s price action over the past 90 days can be seen via the chart below.
For TWTR News Traders
News traders keeping an eye on TWTR may find value in this recent story:
TL;DR Breakdown: Peter Brandt’s poll suggests there might be a maximum of six major corrections before Bitcoin reaches $200,000. The least respondents don’t think BTC will be worth such a price. Following Bitcoin’s price performance last week, where BTC made another all-time value at over $58,000, some people are hoping for a $200,000-priced Bitcoin in […]
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