The only good thing about this chart is that for now price is holding onto EMA 150 support. If price loses this support and breaks below the daily EMA 150 it means you have to accept that this project is still in a bear market. For us to confirm that there’s a bull market ahead of us, price needs to break above and close above weekly EMA 150. For now, there’s a lot of uncertainty in the market. In conclusion, above weekly 150 EMA means there’s hope for bull market for this asset. Below daily 150 EMA means crabs and bears are in control. Between daily and weekly 150 EMA means uncertainty.
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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.