If you have been reading the other charts/trade ideas that we share, you can easily appreciate that prices are either trading below EMA10 or just challenging it and if the chart looks good we can see it above EMA10 and sometimes above EMA50.
Now, let's have a look at Uniswap vs Tether (UNIUSDT).
See how EMA50 ($5.53) is already far behind as Uniswap moves above EMA100 ($6.55).
EMA100 is the level at which we saw a rejection back in April.
Another rejection happened 9-July and today we see a candle breaking above.
Confirmation only comes in less than 2 hours when the daily candle closes.
A close above this level, can lead to 80%+, short-term.
the trend is still down so far. just be ready to short! BTC is bearish as long as it is closing below EMA 34 (the pink line). Also bear flag! It's a classic bull-trap
AlanSantana
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@TomandHarry, Since mid-May all the way to mid-July.
2 months of entry possible.
Right now it is above your mentioned price.
pettee075
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2 hours passed..confirmation, 80% profits ?
AlanSantana
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@pettee075, Now that EMA100 has been conquered it takes time for the rest of the move to develop.