Well I see both scenarios, it could be using the Red MA as the support and break up, especially with CME and all the hype going around on Crypo,
But more likely for healthy trend I see touching the yellow support line then consolidating for few hours and breaking Long, ny looking at the char, it has bounced couple of times on the outer trend line resistance, looks to be overbought on the 1 hr, and th Ma has crossed the slower one. So All sings of bearish movements.
But more likely for healthy trend I see touching the yellow support line then consolidating for few hours and breaking Long, ny looking at the char, it has bounced couple of times on the outer trend line resistance, looks to be overbought on the 1 hr, and th Ma has crossed the slower one. So All sings of bearish movements.