The GensoKishi Metaverse (MVUSD) broke today above its 1D MA200 (orange trend-line) for the first time in history after making a rebound on the 1D MA50 (blue trend-line). We are not getting excited yet as the price remains within the Channel Down pattern that started after the August 23 2022 Low.
A break above the Channel Down will be a bullish signal for us,...
Hello Traders!
Hope you all had a great weekend,
Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias.
Points to consider,
- Daily trend bearish
- Price testing structural resistance
- Price below key moving average
-...