IMPORTANT EMAs on 15D chart - POSSIBLE TRIANGLE
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.
21EMA trying to hold PA
Next support is 144EMA as i said. 55EMA never been important in 15D chart
Not advice! Just my journey!