Hi Traders,
its clear that the trend is now bearish. Just look at the 3 last times EMA 9 crossed EMA 20 on the Daily Time Frame.
The least it dropped is 24% in 10 days.
It would lead us to 7200$.
Simple as that! Trend is your friend.
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its clear that the trend is now bearish. Just look at the 3 last times EMA 9 crossed EMA 20 on the Daily Time Frame.
The least it dropped is 24% in 10 days.
It would lead us to 7200$.
Simple as that! Trend is your friend.
-----------------------------------------------------------------------------------------------
If you like the analysis, feel free to share!
Don't forget to like and follow our channel.
Telegram channel for constant trading analysis and tips : tfoccryptotrading
Note
For the idea to work, it would mean that EMA 9 is now a resistance. Can't see how a lot of traders are bullish right now. Maybe they are too focused on small time frame.
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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.