EMA50 (green) and EMA100 (red) still sloping down.
Price reclaiming EMA50 after recent bounce.
MACD turning up, but still under zero = early momentum.
Bull case: Break and close above EMA100 could trigger fast move toward 3.15.
Bear case: Rejection at EMA50/EMA100 zone risks drop back to 2.10–2.20.
Risk/reward favors breakout traders watching EMA100.
Price reclaiming EMA50 after recent bounce.
MACD turning up, but still under zero = early momentum.
Bull case: Break and close above EMA100 could trigger fast move toward 3.15.
Bear case: Rejection at EMA50/EMA100 zone risks drop back to 2.10–2.20.
Risk/reward favors breakout traders watching EMA100.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.