BTC: Can we expect a break of the EMA Ribbon?
Can we expect a break of the ribbon?
Features of the previous break:
- Fierce drop into the ribbon. (without a bounce on the upper side.)
- Huge wick under the ribbon before breaking it
- Fails to bounce on the ribbon. Only a little green candle in the middle of the ribbon.
We see this 3 features right now.
To stay above the ribbon:
- Bounce on the ribbon (and test it again) to continue the rally
- Btc refusing to break the ribbon over and over again, wich will give it room to rise.
Features of the previous break:
- Fierce drop into the ribbon. (without a bounce on the upper side.)
- Huge wick under the ribbon before breaking it
- Fails to bounce on the ribbon. Only a little green candle in the middle of the ribbon.
We see this 3 features right now.
To stay above the ribbon:
- Bounce on the ribbon (and test it again) to continue the rally
- Btc refusing to break the ribbon over and over again, wich will give it room to rise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.