Xem/BTC not looking so great as 200 EMA line closing in the price action and descending triangle appear.
although there a possible bounce from MACD and RSI itself is oversold as it's ready to shift into buyer side and might be retest 20 and 50 EMA in the future around 1200 sat..
Also a potential for Exaggerated Bullish divergence might occur...
1st support around 1000 satoshi area
2nd support around 850 satoshi area
1st resistance around 1200 satoshi area (20 + 50 EMA)
2nd resistance around 1400 satoshi area (200 EMA)
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
although there a possible bounce from MACD and RSI itself is oversold as it's ready to shift into buyer side and might be retest 20 and 50 EMA in the future around 1200 sat..
Also a potential for Exaggerated Bullish divergence might occur...
1st support around 1000 satoshi area
2nd support around 850 satoshi area
1st resistance around 1200 satoshi area (20 + 50 EMA)
2nd resistance around 1400 satoshi area (200 EMA)
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
