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skd1
Jul 21, 2020 1:03 PM

Breakout or another fakeout? Long

Bitcoin / Tether USDKraken

Description

Bitcoin managed to do a nice push to the upside above both 20-day EMA and the daily EMA Ribbon which is a very important moment. Also, it is holding its ground to the lower support line of the bigger rising channel than heading to the downside within the smaller falling channel formed since June 2020. Could it test at least 9.8K resistance? If all that is not some misleading move again, I think there are good chances for further uprise until the important support around 9250 is holding which we should watch. The indicators give a good space for Bitcoin to roll. Good luck everyone!
Comments
InkyGrip
Another great chart! thanks for your time! 🚀🦐
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