Folks,
For me a total market being traded above the 200 day MA is Bullish and is being traded in a BULL market.
So the crypto has broken the 50 day MA and confirmed it. Very important point!
We are now ranging between the 200 day MA and the 50 day MA.
We have rejected the breakout of the 200 day MA once. but if you look closer on the 4 hour chart you see price accumulating to fight this resistance line again, soon!
So fasten your seatbelts and be ready for a nice and heavy ride!
For me a total market being traded above the 200 day MA is Bullish and is being traded in a BULL market.
So the crypto has broken the 50 day MA and confirmed it. Very important point!
We are now ranging between the 200 day MA and the 50 day MA.
We have rejected the breakout of the 200 day MA once. but if you look closer on the 4 hour chart you see price accumulating to fight this resistance line again, soon!
So fasten your seatbelts and be ready for a nice and heavy ride!