Hi Guys!
As we see on this 1 D chart on Coinbase, the V-shape is kind of forming already... But it is still too early to call for a real reversal I think.
We will meet more resistance at 4450-4550 area, after at 4800 areas. As you see the EMAs are tumbeling down on the price, which will meet us in aprox 2 days max.
Hitting dayly EMAs will be really tought to break. I think we could be rejected there. But this could change if we get crazy buying volume and fomo.
Let us watch how this up-trend developes.
The dayly MACD crossover will happen tonight, if we continue up and this could give additional momentum to the 5k areas.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this 1 D chart on Coinbase, the V-shape is kind of forming already... But it is still too early to call for a real reversal I think.
We will meet more resistance at 4450-4550 area, after at 4800 areas. As you see the EMAs are tumbeling down on the price, which will meet us in aprox 2 days max.
Hitting dayly EMAs will be really tought to break. I think we could be rejected there. But this could change if we get crazy buying volume and fomo.
Let us watch how this up-trend developes.
The dayly MACD crossover will happen tonight, if we continue up and this could give additional momentum to the 5k areas.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.