My confluences:
Price finding strong rejection around $30,000 area
Price formed a double bottom
Price formed a bullish corrective pattern after the rejection from a strong support level
Price finding dynamic support level at 50WEMA
Higher time frame trendline breakout, followed by lower time frame correction
Price finding strong rejection around $30,000 area
Price formed a double bottom
Price formed a bullish corrective pattern after the rejection from a strong support level
Price finding dynamic support level at 50WEMA
Higher time frame trendline breakout, followed by lower time frame correction
Commentaire:
Daily chart:
Commentaire:
Weekly 50EMA holding as a strong support level, price finding it hard to break through:
Commentaire:
The last time price touched 50WEMA was when the price was at $7900 level, since then price has made an impulse move of 692%. Round 2 coming soon hold tight.