STOCH RSI out of oversold area
Bullish Ascending Triangle Pattern on multiple timeframes D, 12h, 6hr, 4hr, etc.
RSI Ascending (making higher lows)
MACD Above equilibrium
If we break and close above the 200 EMA (in orange) the green targets are to follow
Hi guys! After a nice surge above the 50 EMA, Bitcoin lost a bit of steam and the support of the 50EMA. As a result, BTC fell back down to the trendline at $3729. Currently, the RSI is out of really the low point of 32. As we look at the MACD it is still trying to find a bottom, still pointing bearish however. But hopefully...just hopefully, we can get enough...
Keeping this short and sweet. After showing some strength, ethereum has found itself wedged between the 365ema and the 200ema, which will act as temporary resistance and support. A breakout above the triangle could send ETH to the overhead resistance target, a break below the triangle will send us down for a retest of support. We are still in a bear market. Trade...
Keeping this short and sweet. Ethereum is wedged between the 365ema (resistance) and the 200ema (support now) for the short term. The overhead resistance is red are targets while the lines below indicate support levels. Although Ethereum is showing a bit of strength IMO, trade with caution as we are still in a bear market.
This is for educational purposes only,...
A typical manipulation move: bart up and bart down within 24hrs. We've been seeing this type of behavior all year long. I'll keep this one simple. The 200 EMA is acting as resistance, while the bottom of the triangle (trendline) is acting as support.
This idea is just for educational purposes and by no means trading advise.