A lot of people are waiting for the verdict against the SEC. Decided to dig a little deeper and backtest the 2W. If we review the 2W chart during April/May 2022, we can see the tenkan dive through the other emas just like it has recently done. We also see that once price closed over the 10sma, there was a quick move to the 55EMA. Will history repeat itself? 2W closes this week. Check below for an interesting development on the weekly where the 21ema, 10sma and tenkan are sandwich together. Some might call this strong resistance but time and again, when I see resistance line up, it is much easier for price to break through.
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Weekly chart showing a sandwich of resistance that can be taken out:
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BTC pairing also testing key support: