SImple TA BTC 12/12/2020
- BTC is fighting to close above the 21 EMA.
- Pink line is a key support level around 17.1K.
- Red line = resistance / Green line = long term support.
- RSI is just above 50, so technically we are still in a uptrend, but shifting to a downtrend is very possible if we close below the 21 EMA and the RSI drops below 50.
- MACD is bearish
Conclusion: keep an eye open for this potential downtrend.
Good luck trading!
Donations are appreciated:
- BTC: 17baND4VJLoMk4MwkqJuUDc8vLzbxQZhiK
- ETH: 0x247f03a333d74e73c7b2e459ff3f91af12a01117
- Pink line is a key support level around 17.1K.
- Red line = resistance / Green line = long term support.
- RSI is just above 50, so technically we are still in a uptrend, but shifting to a downtrend is very possible if we close below the 21 EMA and the RSI drops below 50.
- MACD is bearish
Conclusion: keep an eye open for this potential downtrend.
Good luck trading!
Donations are appreciated:
- BTC: 17baND4VJLoMk4MwkqJuUDc8vLzbxQZhiK
- ETH: 0x247f03a333d74e73c7b2e459ff3f91af12a01117
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