A quick look at #NervosNetwork (#CKBUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 11.
However, since April 8, it's been going within a tight range between $0.029-$0.032 (reaching up to $0.035). It seem the , where it seems S1 is struggling to act as support. If it manages to hold and bounce off of that and break through the resistance at $0.032, we could see #CKB price move higher. If not, price may bounce its way down to the EMA200 (S2) or down at S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. Thank you and Happy trading!
------------------------------------------------------ Needless to say, this is not financial advice!
Trade closed: stop reached
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We hit the stop loss. Now let's move forward. We are now below all the EMAs but price is hanging on the $0.026 level, which has been tested already. If it holds, we can hope to start moving upwards again!