BTCUSD - Mutiple EMA Tendence
Let's go from exponential moving averages.
If the EMA 144 crosses and stays above the EMA 72 we could have another price drop. Just below we have the EMA 305 which can hold the price above this region. If the price exceeds the EMA 305 we will have a 4th test in the region of the 29k - 33k region but with the possibility of testing the EMA 610 region
RSI is back below 50 showing strong resistance for price to stay above 40k.
Let's wait for the scenes of the next chapters
It is not trading advice.
Make your own analysis and decision.
If the EMA 144 crosses and stays above the EMA 72 we could have another price drop. Just below we have the EMA 305 which can hold the price above this region. If the price exceeds the EMA 305 we will have a 4th test in the region of the 29k - 33k region but with the possibility of testing the EMA 610 region
RSI is back below 50 showing strong resistance for price to stay above 40k.
Let's wait for the scenes of the next chapters
It is not trading advice.
Make your own analysis and decision.
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