21EMA on 15D chart has been crucial in the past acting as a support on bull cycle and acting as a resistance. Now we are testing it as a support for the first time since last bull run from 3K.
If Bulls can't achieve using it as a support, and lose 8K, next strong support is on 144EMA that acted as a new perfect support on 3K. Is beautiful how would be the confluence with trendline and 0.786 fibo level, drawing a perfect symmetric triangle and would make sense the sideways movement since peak on 20K.
If Bulls can't achieve using it as a support, and lose 8K, next strong support is on 144EMA that acted as a new perfect support on 3K. Is beautiful how would be the confluence with trendline and 0.786 fibo level, drawing a perfect symmetric triangle and would make sense the sideways movement since peak on 20K.
Note
21EMA trying to hold PA
Next support is 144EMA as i said. 55EMA never been important in 15D chart
Not advice! Just my journey!
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.
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.