BTC currently around $27k
Bullish case:
-Price above 200w SMA and 200d EMA (purple)
-Shorter EMAs pointing up (bullish momentum). (soft pink and pink)
-Price and moving averages above Bull Market Support Bands (red/green band)
-Log Scale downtrend breakout (orange dashed line)
-Possible new macro-uptred?
Bearish case:
-Major resistance to be broken around $30k...
BTC currently around $27k
Bullish case:
-Price above 200w SMA and 200d EMA (purple)
-Shorter EMAs pointing up (bullish momentum). (soft pink and pink)
-Price and moving averages above Bull Market Support Bands (red/green band)
-Log Scale downtrend breakout (orange dashed line)
-Possible new macro-uptred?
Bearish case:
-Major resistance to be broken around $30k...
continuation of the last idea:
Shiba has now broken both the descending wedges + the RSI trend line on the 4h and the 12h + shows confirmation of Bullish Divergence on the 4h, which has developed into the pump of ~40% we've seen today.
RSI has cooled down in all timeframes and we are breaking out from the main RSI downtrend on the Daily as well while volume is...
Shiba breaking out of a descending wedge in the Higher Time Frames.
RSI trend line also breaking out, volume rising and today the team announced on twitter it reached 1M Holders and posted a teaser for something incoming.
seem bullish enough for at least a run for a new ATH.
