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After closing the daily candle today the ema of 50 days is lower
Bitcoin / TetherUS
Short
After closing the daily candle today the ema of 50 days is lower
By shervinghanooni
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Apr 18, 2021
4
Apr 18, 2021
After closing the daily candle today, the moving average of 50 days is lower, suitable for sell
Because :
1_There is a bearish divergence in RSI & macd.
2_The uptrend line is broken in RSi.
3_The price has fallen below its 50-day moving average, which has never been above it since the beginning of the uptrend.
Target~~37400$
Because :
1: Located at the bottom of the ascending chanel.
2: The price has already been reverse in it
3: An important area is Fibonacci
Beyond Technical Analysis
Trend Analysis
Wave Analysis
shervinghanooni
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