Hi all, as you all know it has been pretty depressing for crypto the last few months. But we pushed through it and handled the pain. However, there might not be any more pain. In fact, there might be a crypto breakout coming. So this is my analysis: Firstly, Crypto peaked in mid-April, and since then has been falling. However, it found a long-term support level that it fell to. It also has a long-term resistance level that it is trying to break. The last few days, it has been rebounding and has been going up at a fast pace. In fact, the 9 MA just crossed above the 20 MA. This shows you that it is rebounding. Second of all, there was a RSI Bullish divergence. Which is good because it means that the price of bitcoin has been staying flat, while the RSI is rising. Lastly, the price is almost at the resistance level, where it could break above. If it breaks above, then you will see serious gains. So stay focused, and wait to see what happens. Let’s get rich together.
Thanks, Like and Follow!
Thanks, Like and Follow!