C98 Update - Can EMA 200 hold?
based on my previous analysis on c98
There price has been rejected without creating a double top as i was expecting which could be a good sign if you are in a long bias BUT it has also broke it's RSI uptrend which is not a good sign for you long guys
there are 3 scenarios i thing gonna happen, 2 of them long because if how bitcoin might act but if you ask me the third one which is a short setup is more probably, maybe a little push lower could happen who knows ...
IF you want to go long, wait for a candle stick pattern on the current level, if you are short, wait for EMA 200 to actually break and a pull-back to it is essential
Thanks for reading :)
There price has been rejected without creating a double top as i was expecting which could be a good sign if you are in a long bias BUT it has also broke it's RSI uptrend which is not a good sign for you long guys
there are 3 scenarios i thing gonna happen, 2 of them long because if how bitcoin might act but if you ask me the third one which is a short setup is more probably, maybe a little push lower could happen who knows ...
IF you want to go long, wait for a candle stick pattern on the current level, if you are short, wait for EMA 200 to actually break and a pull-back to it is essential
Thanks for reading :)
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