BTC | FAKE REVERSAL - Here's WhyI'm not convinced of the recent "bullish" price action. In fact, I say it's likely the calm before the next bearish move down.
In a downtrend, there are a few tale tell signs that the price has gone into full bear mode . In this video, I discuss two of them.
Make sure you catch up on ALTCOINS, and their ideal buying zones HERE 👀👇
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BINANCE:BTCUSDT
BTCUSDT
Short-Term View Flips Bullish - Key Scenarios to WatchAfter carefully reviewing both macroeconomic sentiment and on-chain developments, my bias for this holiday period has shifted from short to long. Here's why.
🌐 Macro Shifts Supporting the Market:
The recent tone from the U.S. indicates a willingness to sit at the negotiation table with China, a gesture that could ease geopolitical uncertainty and risk aversion.
Key data released suggests that a recession is no longer an imminent concern. Markets love stability, and this could inject short-term confidence into risk assets, including Bitcoin.
📈 My Updated Short-Term Outlook: Based on this new backdrop, I see two main scenarios unfolding:
Clean Break and Hold Above Key Resistance:
If BTC breaks out of the current consolidation zone and holds above the resistance with volume and LTF confirmation, we could see a quick move toward the next major liquidity zone. I will be watching volume flow and delta behavior closely for confirmation before entering.
Shallow Pullback Before Takeoff:
If price retraces slightly into a local support (likely a previous breakout zone), and buyers hold it, this could offer a perfect dip-buy opportunity. This would be my preferred setup for a high-RR long position.
🚨 Stay Flexible, Not Emotional: While I'm leaning long now, I will never insist on a biased view. If key levels break down and LTF shows weakness, I’ll shift accordingly. My strength comes from adaptability — and that’s what separates consistent traders from the crowd.
📌 Follow closely, I only track coins with massive volume increases and strong order flow signals, so every setup is filtered for high potential.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
📊 XNOUSDT %80 Reaction with a Simple Blue Box!
📊 BELUSDT Amazing %120 Reaction!
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
The Road to The Mooni like to make some graphs like that when peoples are in Dispair mode.
- i used a modified ADX indicator with a Monthly Timeframe ( thanks to the creator by the way )
- Look at the Mountains and tell me when in past bullruns we stopped at 100 ? - Never -
- The Highest Point is 160+
That said my advice for now is : " You don't really care if TheKing will back to 20k, what you have to care is the Highest point TheKing will reach! "
- Don't Think it's the end of this bullrun
- Don't Listen Fuders
- Use indicators for the Long Term
- Believe in Trends and cycles movements
- Believe in the future of cryptos
- Believe in TheKing because Theking cannot die.
Happy Tr4Ding !
Bitcoin are you Worried ?Everything is in chart.
- Like i said many times, more you look from far, more it's easy to predict the future.
- This Monthly Chart combinated with indicators show you how BTC moved in 2016-2017 BullRun so keep eyes open and you will find the way for 2020-2021.
- We cannot compare a Bullrun from 400$ to 20,000$ with a Bullrun From 4000$ to 3XX,XXX+$, the chart will be exponential. We are now playing with big numbers.
- imo right now we are in fake bear market stage, this stage happened also in 2016-2017 pre-bullrun ( but Numbers were smallers...), whales are just trying to create fear and remove retails investors.
- Actual stage could be a Consolidation Phase, if Whales see there's a lack of interest, they will push BTC up, or we could get a quick fast Trap to 20,000$ if Whales feel Retails not fear enough (Not sell their BTC).
- 100 000$ Target is still very preservative, past this stage it will be the FOMO Stage to go Higher!
TheKing is dead??? Long live TheKing!! :D
Happy Tr4Ding !
BTC: Inverse Head & Shoulder Breakout (Time to go All-in) BTC Market Outlook (Multi Timeframe Analysis)
First of all, according to the higher timeframes (Weekly & Monthly), BTC is still in a bullish trend.
However, on the Daily timeframe, structure remains bearish — but we’re now seeing multiple bullish confluences building up:
Inverse Head & Shoulders breakout on Daily TF
Bearish Order Block has been broken, turning into a bullish breaker
On the Shorter Timeframe, we’ve got CHoCH (Change of Character) confirmation
Sell-side liquidity (SSL) has already been swept
All of these factors indicate that this could be a strong long opportunity, possibly the "mother of all buy setup.
Oh, and don’t forget to say thank you later. 😉 BYBIT:BTCUSDT
HelenP. I Bitcoin will drop, thereby breaking trend lineHi folks today I'm prepared for you Bitcoin analytics. Recently, price has been trading in a narrowing structure, forming a triangle pattern with a strong ascending trend line acting as support. This bullish line began developing after the price reversed from the 78500 - 79000 support zone, where buyers showed a clear reaction, initiating a sustained upward move. As the price kept bouncing along the trend line, it gradually climbed toward the upper boundary of the triangle. Eventually, Bitcoin reached the resistance area near 86500, which aligns with the broader resistance zone between 86500 and 87000 points. This zone has previously acted as a ceiling for price action, and once again, it triggered selling pressure. After the rejection from this area, the price corrected back to the trend line and is now hovering near it, testing its strength. Given the structure of the triangle, the repeated rejection from the resistance zone, and the current consolidation under resistance, I expect BTCUSDT to break below the trend line and decline. That's why I set my goal at 82000 points. If you like my analytics you may support me with your like/comment ❤️
levels to watch The market has formed a W pattern and is currently trading above the neckline. The measured move from this pattern points to a target of 91,300.
What’s particularly interesting is that 91,300 also coincides with the neckline of a previous top, which could act as a significant resistance level — likely sparking a strong battle between buyers and sellers at that point.
If the market manages to reclaim and hold above 91,300, we could see a continuation toward the 108,000 and 125,000 levels.
I’m currently long on BTC from 78,000. My plan is to take partial profits around 88,130 and close the remainder at 91,300. From there, I’ll reassess based on the market’s reaction and look for the next directional cue.
Bitcoin is currently trading around 85,269.35 USDT. Bitcoin is currently trading around 85,269.35 USDT.
Support Zone: A crucial support zone marked in green suggests strong buying interest between 80,000 and 81,000 USDT.
Resistance: The upper trend line indicates resistance; if Bitcoin can break it, it could target levels close to 88,000 USDT.
Bullish Case: A breakout above the upper trend line could lead to an upward rally towards 88,000 USDT or above.
Bearish Case: If the price breaks below the support zone, a downward move towards 75,000 USDT can be expected.
Monitor the trade closely to see how it reacts around these crucial levels. Adjust your strategy accordingly based on the price action. If you have further questions or need analysis on specific indicators, feel free to ask!
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
BTC / Bitcoin / BTCUSDT Bullish OutlookDaily Time Frame Analysis: Bitcoin (BTC) has recently broken out of a descending trendline on the daily chart, signaling a potential shift in momentum. Following the breakout, BTC has entered a consolidation phase, lasting for the past 7–8 days.
Short-Term Outlook: In the near term, BTC may either:
Break out to the upside from the current consolidation zone, or
Execute a fake-out to the downside before reversing sharply.
Potential Upside Targets:
Target 1: $87,000
Target 2: $88,000
Target 3: $90,000
Target 4: $92,000
Traders should monitor price action closely for confirmation before entering positions.
Bitcoin & ... Top Altcoins Choice— Your Pick (Session 2—2025)Bitcoin continues to do great and today moved for the first time above $86,000 after the 7-April 2025 market correction bottom and low. This is the lowest price before the 2025 bull market bullish cycle, phase and wave.
The 2025/26 bull market will be an extended bull market. The next All-Time High is likely to happen around late 2025 or March 2026.
When Bitcoin is really strong, trades above $80,000, the Altcoins tend to follow. Most of the Altcoins already hit bottom and started to grow. With Bitcoin on a path toward 100K and beyond, this can result in a massive bullish wave across the entire market. It will be awesome.
Knowing that Bitcoin and the Altcoins market bullish bias is confirmed, I would like to know your Top Altcoin Pick.
» Top Altcoins Choice —Your Pick (Session 2)
Let's start a new session, which pair is your Top Altcoin Choice? With Bitcoin doing great, the Altcoins are bound to the same. Let's try and find together many hidden gems.
I will do a full chart analysis for your chosen Altcoin and publish in my profile. It can be any pair that is available for trading within the Cryptocurrency market. There is one condition though, the pair must be available here on TradingView for me to do an analysis and the chart must have at least 6 months of data.
Instructions:
1) Leave a comment with your desired pair. Example: ETHUSDT, BTCUSDT, SOLBTC, etc.
2) Make sure to add any questions you have about the pair in question in the comments so that I can answer in the analysis.
3) If you see any pair that you like from other users, make sure to boost their comments. The comment with the most boost will get published first.
Notes:
➢ I will take anywhere between 50 and 100 requests.
➢ I will pick and choose. The pairs with the best looking charts, high growth potential and strong signals, will be selected.
➢ Maximum one trading pair per person/user.
➢Those that didn't participate in the last session will have priority in this session.
Your support is highly appreciated.
I am looking forward to review your Altcoins.
Namaste.
BTC/USDT Analysis – Seller WeaknessHey everyone! This is CryptoRobotics' trader-analyst checking in with your daily market breakdown.
Yesterday, Bitcoin once again tested the previously marked sell zone at $85,000–$86,200 (where a strong market seller is active), and we saw an immediate sharp reaction from that area.
However, signs of buyer defense appeared near the lower boundary, and price bounced without even reaching the bottom of the current range.
Taking all of this into account, we can conclude that the seller is showing weakness — there's effort, but no result.
That suggests we’re likely to test the local high in the near future.
Sell Zones:
$95,000–$96,700 (accumulated volume)
$97,500–$98,400 (aggressive pushing volume)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$82,700–$81,400 (high-volume support)
$74,800 level
$69,000–$60,600 (accumulated volumes)
What do you think — which way will this range break?
Drop your thoughts in the comments — always great to compare perspectives!
This post is not financial advice.
How to Analyze a Technical Chart: Practical Guide (BTC EXAMPLE)Hello, traders! ✍🏻
Understanding a chart isn't about predicting the future — it’s about recognizing what’s already happening. Whether you're evaluating a Bitcoin breakout or watching a new altcoin pump, technical chart analysis is one of the most powerful tools traders use to make sense of price movements. But how exactly do you read a technical analysis chart? What matters most — and what’s just noise?
Let’s break it down.
1. Look at the Big Picture: Price Trends and Structure
Before zooming in, zoom out. Start with the daily or weekly chart to identify the primary trend. Is the asset making higher highs and higher lows (an uptrend)? Or is it stuck in a sideways channel?
In Price Analysis, Market Structure Is Your Anchor:
Uptrend: Higher Highs and Higher Lows
Downtrend: Lower Highs and Lower Lows
Consolidation: Sideways Moves with Clear Support/Resistance
This high-level view helps you avoid common traps, like going long in a downtrend or shorting near long-term support.
2. Use Support and Resistance Like a Map
Support and resistance levels form the backbone of chart technical analysis. They show you where price reacted in the past — and likely will again.
Support: A Price Level Where Buyers Previously Stepped In.
Resistance: A Level Where Sellers Pushed Price Down.
The more times a level is tested, the more important it becomes. These zones can act as entry/exit points or as signals for potential breakouts or reversals.
3. Add Indicators — But Don’t Overload!
Indicators are helpful — if used right. The key is to complement price action, not replace it. Start Simple:
RSI (Relative Strength Index): Detect Overbought/Oversold Conditions
Volume: Confirms Strength Behind Price Moves
Moving Averages: Help Identify Trends and Dynamic Support/Resistance
Avoid piling on too many indicators. If your technical analysis chart looks like a control panel, you might be overcomplicating your decision-making.
4. Timeframes Matter — And So Does Context
Don’t mix signals across timeframes without context. A bullish setup on the 15-minute chart can collapse under a bearish daily trend.
Watch for Multi-Timeframe Analysis:
Weekly: Macro Trend
Daily: Trading Bias
4H/1H: Entry and Exit Planning
This layered approach helps you stay aligned with momentum while avoiding short-term noise.
Full Breakdown: Technical Chart Analysis of BTC/USDT (1W)
The BTC/USDT weekly chart presents a textbook example of how price evolves through well-defined market phases, structural levels, and momentum shifts. Let’s walk through each component in detail — not just what is shown on the chart, but also why it matters and how it’s typically identified in technical analysis.
We begin by examining the market structure. From mid-2020 to late 2021, Bitcoin followed a strong uptrend, consistently printing higher highs and higher lows. This kind of price action is characteristic of bullish expansion phases, where momentum builds gradually and pullbacks are shallow. Technically, an uptrend is confirmed when each new peak surpasses the previous, and support continues to form above former lows. In this case, the trend accelerated rapidly into the $60K–$70K zone before exhaustion set in.
The shift occurred in late 2021, as the market transitioned into a macro correction. From a structural standpoint, the pattern reversed — lower highs began to form, and key support levels were breached. This downtrend, lasting through 2022, is a typical bear phase in a market cycle, where distribution outweighs accumulation. Price made several failed attempts to reclaim previous highs, confirming bearish control and increased selling pressure.
What followed was an extended period of sideways movement between late 2022 and early 2023 — a classical accumulation zone. This phase is often overlooked but is critical in technical chart analysis. Here, price consolidated in a narrow range, with volatility contracting and RSI hovering near oversold territory. This kind of stabilization often signals that selling pressure has subsided and that larger players may be building positions ahead of a breakout. It is identified not just by price flattening, but by volume dropping and the absence of directional follow-through in either direction.
By mid-2023, a recovery structure began to emerge. Bitcoin started printing higher lows and eventually broke above prior resistance zones, indicating the formation of a new trend. As of early 2025, this trend appears to be unfolding, though price is once again facing historical resistance near its all-time highs — the $69K–$74K zone. This region has acted as a ceiling in both the 2021 and 2024 cycles, making it a well-established historical resistance level. In technical terms, the more times a level rejects price, the more significant it becomes, as market participants tend to place orders around such zones in anticipation of repeated behavior.
One of the most important structural zones on the chart lies around the $50K–$53K range. This mid-zone has acted as support during the 2021 bull run, flipped into resistance during the 2022 downtrend, and has once again returned to functioning as a support area in the current recovery. This phenomenon — where old support becomes new resistance and vice versa — is a classic concept in technical chart analysis, signaling that market memory is active and that this level is psychologically and technically significant.
At the lower end, the $30K level has held repeatedly across multiple market phases, establishing itself as a long-term support zone. Its durability, despite heavy corrections, suggests significant accumulation and investor interest at that level. This zone has marked major bottoms and remains a key threshold that, if broken, could signal a structural shift in sentiment.
Momentum analysis further confirms these phases. The Relative Strength Index (RSI), plotted beneath the price chart, hovered in overbought territory during both the 2021 and 2024 peaks, exceeding 70 and signaling potential exhaustion. In contrast, the RSI dipped into the 30s in 2022, aligning with the end of the downtrend and beginning of accumulation. These signals are not to be taken in isolation, but when combined with structure and volume, they add powerful confirmation to trend shifts. At the time of writing, RSI sits around 48 — neutral ground, indicating the market has not yet committed to a new directional move.
This layered approach — combining trend structure, support and resistance zones, and momentum indicators like RSI — is fundamental to technical chart analysis. It enables traders to navigate through market noise and identify phases of expansion, correction, and re-accumulation with greater clarity. Each of these elements, when aligned, increases the probability of high-conviction setups and helps avoid emotionally driven decisions in volatile environments.
Final Thought
Mastering technical chart analysis isn’t about memorizing patterns — it’s about training your eyes to read structure, sentiment, and context. And like any skill, the more charts you read, the sharper you get.
This is only an isolated analysis of the macro trend — a high-level look at Bitcoin’s price structure using weekly timeframes. In reality, technical analysis can be performed across multiple timeframes, combining far more indicators, chart patterns, and volume-based tools depending on your strategy and goals.
Platforms like TradingView offer a wide range of features for deeper technical insight — from advanced oscillators to custom scripting and community-driven indicators. The chart above serves as a historical case study, not a trading signal. It provides a reference point for how sentiment shifts can be visualized over time through structure and momentum.
If you’d like to explore other educational breakdowns or real-time analysis, feel free to check out more content on our TradingView page. This post is not financial advice, but 100% a technical perspective on past price action and market behavior.
💬 What’s your go-to indicator or setup when doing token price analysis?
This analysis is performed on historical data, does not relate to current market conditions, is for educational purposes only, and is not a trading recommendation.
BTCUSDT – Watching for a Potential Short Near 87KBitcoin is currently trading within a broader downtrend, and the recent bullish move appears to be a correctional phase within that structure. Price is approaching a key resistance zone around $87,000, which aligns with the descending trendline and a previous support-turned-resistance level.
This confluence zone could act as a strong rejection area, offering a potential selling opportunity if bearish confirmation is seen. I’ll be watching for reversal signals (e.g., bearish candlestick patterns, momentum divergence) around that level to validate a short setup.
Orangeman vs The Federal Reverse: Season 1 (2018–2020)It all started in 2018... 🎬
🧱📈💼 March 21, 2018: Jerome Powell steps in as the new Fed Chair. Almost immediately, the Fed hikes rates from 1.50% to 1.75%, citing a strong U.S. economy.
💬📊🇺🇸 June 13, 2018: Another hike to 2.00%. Powell says the U.S. economy is “in great shape.” But markets? Not so thrilled.
🗣️📉🇺🇸 July 19, 2018: Enter The Orangeman—President Trump publicly attacks the Fed's policy, breaking tradition. He’s “not thrilled” with the hikes.
📉🏦 September 26, 2018: Yet another hike to 2.25%. The Fed stays firm. Trump? Getting louder.
❗😠💬 "I'm not happy with the Fed." – Trump
⚠️📉📉 December 19, 2018: Fourth hike of the year to 2.50%. Markets tank. Rumors swirl: Trump wants Powell gone.
🔥💣👔 Behind the scenes: Trump reportedly explores ways to dismiss Powell. The pressure is on.
📛🇺🇸📉 June 10, 2019: The battle heats up. Trump calls the hikes a “big mistake” and demands rate cuts.
✂️📉📉 July 31, 2019: Powell blinks. The Fed cuts rates by 0.25%—first cut since 2008. Trump tweets:
👎🐦💸 “Powell let us down.”
⬇️📉🔁 September 18, 2019: Second cut.
⚖️🔁🧩 October 30, 2019: Third consecutive cut. The Fed pivots completely. The Orangeman’s influence is undeniable.
🦠🧪📉 March 2020: COVID strikes. The Fed responds with emergency rate cuts.
🌀🧻💸 March 15 & 23, 2020: Rates slashed to near zero. QE infinity unleashed. Powell goes full printer mode. Bitcoin begins to stir...
Season 1 closes with markets melting down, a pandemic, and the Fed surrendering to zero rates.
But The Orangeman isn’t done...
And The Federal Reverse still lurks in the shadows.
Next up: tariffs, China, currency wars, and another campaign trail. 🐉💵⚔️
Season 2 is coming.
Stay tuned...
One tweets.
The other tightens.
Who controls our future?
One Love,
The FXPROFESSOR 💙
Gold Intraday Buy Setup from Key Support Zone| Targeting 3333 48This 15-minute chart for XAUUSD shows price reacting from a support zone after a bearish structure break. The market formed a bullish candle at support, hinting at a potential reversal.
Key levels:
- Key Point: 3333 – a crucial resistance to break for bullish continuation.
- 1st Target: 3333 – aligning with the key point, a breakout here would confirm buyer strength.
- 2nd Target: 3348 – next major resistance level.
- All Time High zone is above this level, signaling a potential longer-term bullish push if broken.
The current price action suggests buyers may step in from this support, aiming first for 3333 and then possibly extending to 3348.
Based on the chart setup and price structure:
🟢 Buy Setup (From Support Zone):
- Entry: Around 3318–3315 (current price area)
- Stop Loss (SL): 3305 (just below the support zone to allow some buffer)
- Take Profits (TPs):
- TP1: 3333 (near key point resistance — secure partials here)
- TP2: 3348 (major resistance zone — potential full target)
---
🔐 Risk Management Suggestion:
- Risk-to-reward ratio: ~1:1 for TP1, ~2:1 for TP2
- Once TP1 is hit, consider moving SL to entry to secure the trade.
1 Billion People Trading Crypto —Bitcoin's Continues Above $80KWith every single second that passes with Bitcoin trading above 80K the market becomes stronger. We now have the proof of the start of the bull market coming from the Altcoins. Some pairs are growing more than 100% within just 48 hours and they continue to advance. This is only the beginning.
The pattern starts with the low in February followed by March and then finally April. 7-April marks the true bearish phase bottom after the late 2024 bullish wave peak.
Would you like to know what will happen with Bitcoin?
Look at this chart for STRAXUSDT, it will be the exact same:
1) A low 7-April.
2) A quick recovery.
3) Sideways/consolidation.
4) A strong bullish jump.
See the full analysis below:
This is the same pattern that is repeating across so many Altcoins. Most of these are at #3 and set to enter #4. Bullish momentum will build up slowly and will be present through many pairs in early May, but it will take until late May before it becomes 100% obvious for all participants, at this time, we will have a full blown bullish wave and there will be excitement and lots of people rushing to buy Cryptocurrencies trading pairs that are no longer available at bottom prices, but people will buy anyway and that's ok because we are set to experience long-term growth.
There is more. Some indications and signals are pointing to this bull market going beyond 2025. Just as the 2023 recovery year extended and went through March 2024, in the same way, the 2025 bull market can be extended and go sometime until March 2026. It can be anything, but it will be green.
There are also supporting signals for this hypothesis but we will have to wait and see.
One thing is known for sure and 6,575% certain, Bitcoin is going up. Cryptocurrency will grow and it will be amazing. We are ready for 1 Billion people to buy, hold and exchange Crypto.
Bring it on!
Namaste.
The Road to $100k BitcoinBitcoin is most likely forming a left-translated 60-day cycle .
Expect Bitcoin to trend downward for the next month, making a lower low in this 60-day cycle and fully scaring the market.
People will start screaming “bear market” and panic-sell their coins to market makers, institutions, and patient investors.
Once that’s done, Bitcoin will resume its bull market, heading toward a market top in Q2/Q3 2025.
This would mirror 2021’s bull market behavior, align with the 4-year Bitcoin cycle, and leave enough time for the market to fully reset by late 2026.
Bitcoin - Trading below 50 and 200 EMACurrently bitcoin is trading below 50 and 200 EMA after multiple failed attempt to breach the these EMA levels. 1D candle closed above 200 EMA however, failed to close above 50 EMA
Additionally price is around the trendline which is acting as resistance, a strong breakout from this resistance is needed for bullish momentum to continue.
In the next couple of days we will get to know if price will break the resistance or gets rejected.
Stay tuned for more updates
Cheers
GreenCrypto