Hey cryto-traders!
Looking at the Daily Chart, the MA-50 (in yellow) is working as support for Bulls and resistance for Bears. In the hourly sessions, the last down trends have been rejected by it and the .5 Fibonacci Retracement placed from this year lowest and highest. Still the 8.3k zone is a support zone and bulls could be come up with power and gain momentum, as the MACD is heading north.
Maybe I'm too stoned, but the bearish reversal isn't over and the current daily candle speaks for itself and doesn't need much more. But up in smoke is where I wanna be, pero no siempre se puede llegar.
I was going to publish this post maybe half and hour ago, but I was... puff puff pass it over man,
Peace folks!
Looking at the Daily Chart, the MA-50 (in yellow) is working as support for Bulls and resistance for Bears. In the hourly sessions, the last down trends have been rejected by it and the .5 Fibonacci Retracement placed from this year lowest and highest. Still the 8.3k zone is a support zone and bulls could be come up with power and gain momentum, as the MACD is heading north.
Maybe I'm too stoned, but the bearish reversal isn't over and the current daily candle speaks for itself and doesn't need much more. But up in smoke is where I wanna be, pero no siempre se puede llegar.
I was going to publish this post maybe half and hour ago, but I was... puff puff pass it over man,
Peace folks!
Peace on Sunday.