BTCUSDT is Indecision State
Bull Speculation :
- Price action is above the blue trend line,
- Current price still traded above EMA 10 & 20.
If current price action is able to hold and close above indicators, we may go and test 48,830 (which is the neckline of previous bullish in March) and may proceed to 51,226 USDT
Bear Speculation :
- MACD Indicator is crossing down
- RSI Indicator is almost in overbought state
- Currently in 50% Daily Fibonacci level
If current price action break and close below EMA 10, EMA 20, and Blue Trend line, we may go lower to 44,517 USDT and if it's can't be hold we may go down even more possibly to 42,335 USDT
I personally on bear, but still wait and see where this goes on daily chart.
- Price action is above the blue trend line,
- Current price still traded above EMA 10 & 20.
If current price action is able to hold and close above indicators, we may go and test 48,830 (which is the neckline of previous bullish in March) and may proceed to 51,226 USDT
Bear Speculation :
- MACD Indicator is crossing down
- RSI Indicator is almost in overbought state
- Currently in 50% Daily Fibonacci level
If current price action break and close below EMA 10, EMA 20, and Blue Trend line, we may go lower to 44,517 USDT and if it's can't be hold we may go down even more possibly to 42,335 USDT
I personally on bear, but still wait and see where this goes on daily chart.
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