BTC At an Important Crossroads
The 4-hourly 12-EMA (two day average) is set to line up nicely with the upwards trending support level of this bull pennant pattern. A strong defense there would greatly increase the chances of the next upside move happening within the next few candle sticks.
If they fail, the 4-hourly 26-EMA at ~$3830 (by then) is the next area of support to put confidence back into a potential upward trend.
If they fail, the 4-hourly 26-EMA at ~$3830 (by then) is the next area of support to put confidence back into a potential upward trend.
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.