BITCOIN $26180 Breaking Below The 3D 21ema May 25 2023
BITCOIN $26180 Breaking Below The 3D 21ema
Price continues its consolidation btw 26500-27500 for the last 2weeks.
Bears are controlling the 3D trend because price continues to stay below the 3D21ema and macd remains negative.
However, the W downside volatility has not picked up yet since the W macd is not yet negative and price is above the W21ema.
So, bulls could use that as a plausible argument to continue to try to defend the 27-26k range.
The probability to print a zig-zag is not high at the moment knowing that in general from May-July, market tends to be boring, bearish and or choppy.
Support based on the fibs are 24-22 (0.382-0.50fib)
Immediate resistance at 27.5-28.3k.
Price continues its consolidation btw 26500-27500 for the last 2weeks.
Bears are controlling the 3D trend because price continues to stay below the 3D21ema and macd remains negative.
However, the W downside volatility has not picked up yet since the W macd is not yet negative and price is above the W21ema.
So, bulls could use that as a plausible argument to continue to try to defend the 27-26k range.
The probability to print a zig-zag is not high at the moment knowing that in general from May-July, market tends to be boring, bearish and or choppy.
Support based on the fibs are 24-22 (0.382-0.50fib)
Immediate resistance at 27.5-28.3k.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.