Is under 100 MA. Price couldnt stabilish. It will reach 4.88. Hope it gets less inflationated and reach R$4 or less
Hi everyone! Visit my profile to see some awesome insights about pure techinical anylises that can help you. Neutral because: MACD still negative, price is testing resistance + 10 MA. It can fail and go back to 16k or worse, or breaks into a single bullish candle (like BTC loves to do) and finally breaks 19k to the moon.
If BTC stay below 11750. Valid pullback + 10500
End of the Long Down Trend or continuation of lateralization. Just wait for BTC! First rejection of the Daily 200 EMA and 0.98 resistance confluence
So than it could be an reversal, if you follow the 23.6 retracement of Fibbonacci. Price is just lateralizing inside this channel, if you follow, since the beggining of the "Corona Dump".
Just a simplist analysis, following the Fibo since the "Corona Dump", with each higher, that is the result: price lateralizing inside the 23.6 channel.