Hope dies last!
The facts:
- 200 day MA reacted as massive resistance
- we are below the 21 week ema
- we are not far away from the last "higher low", which would break the uptrend on daily chart on retest or break
- iám getting nervous
Ignore the last one, but overall this isn´t looking good at all.
Iám a hodler (for transparency) so i will not sell, but i would also not buy at this moment.
If the dollar starts to show weakness, this could be the trigger.
But since mid of last year, the dollar index is on bullrun.
DXY meeting resistance at this very moment, which is good.
Maybe the green support line will help us here...
But to be honest, iám only starting to get really bullish, if we will make it above the 21 week ema & the daily 200 ma.
As you see, we have a long way in front of us!
I wish you all the best and be careful!