The 200 Weekly EMA (pink) has rejected the price multiple times (red arrows) and will offer stiff resistance now. On the other hand, price crossing it (Bullish) will easily take us to 5k target.
I have 2 green lines for support and resistance in RSI with arrows showing where price in 2014 took support and later found resistance after a short spike and made the final bottom and took support again. Once again, we saw the price bounce in Dec'18 after taking support a lower green line, but now reached the upper green resistance (red arrow)
My personal bias is i'm a little skeptical, but there still appears to be some momentum in this rally.
Disclosure: I'm in a short with a very tight stop loss
Take Care
I have 2 green lines for support and resistance in RSI with arrows showing where price in 2014 took support and later found resistance after a short spike and made the final bottom and took support again. Once again, we saw the price bounce in Dec'18 after taking support a lower green line, but now reached the upper green resistance (red arrow)
My personal bias is i'm a little skeptical, but there still appears to be some momentum in this rally.
Disclosure: I'm in a short with a very tight stop loss
Take Care
Comment:
Comment:
Back at the 200 Weekly EMA resistance again. Also RSI is at the same spot of resistance. Be Cautious.
However, breaking above this will take the price to 5k (channel top)
However, breaking above this will take the price to 5k (channel top)
Comment:
Here is a view on the total market cap, click to view the post
www.tradingview.com/chart/ZPwT46DW/