BTCUSD, double ema on volume.
Updated
Bullish rally started at the price of 33220, heavy volume came at that point, and
it could be strong support, now price is near Resistance 34830, which served as
a strong resistance historically, so sort setup could possibility at this point.
Here using double EMA indicator on volume, could provide indication to end of
trend,where 14 period EMA on 5 min time frame chart crossed 200 EMA same period.
Sort setup possible at Resistance level.
!Strong close above 34830 should be bullish move.
Technical- Based on Support/Resistance:
- Strong Suport: 33220
- Strong Resistance: 34830
! Here I'm trying to understand double EMA indicator on volume chart, looking for more content.
Image-
it could be strong support, now price is near Resistance 34830, which served as
a strong resistance historically, so sort setup could possibility at this point.
Here using double EMA indicator on volume, could provide indication to end of
trend,where 14 period EMA on 5 min time frame chart crossed 200 EMA same period.
Sort setup possible at Resistance level.
!Strong close above 34830 should be bullish move.
Technical- Based on Support/Resistance:
- Strong Suport: 33220
- Strong Resistance: 34830
! Here I'm trying to understand double EMA indicator on volume chart, looking for more content.
Image-
Trade closed: stop reached
Broke above.Note
Back to selling territory, EMA under 200. It touched 35250 resistance level, (old post)
Note
Level 35250, good resistance
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