BTC: Can we expect a break of the EMA Ribbon?
Can we expect a break of the ribbon?
Features of the previous break:
- Fierce drop into the ribbon. (without a bounce on the upper side.)
- Huge wick under the ribbon before breaking it
- Fails to bounce on the ribbon. Only a little green candle in the middle of the ribbon.
We see this 3 features right now.
To stay above the ribbon:
- Bounce on the ribbon (and test it again) to continue the rally
- Btc refusing to break the ribbon over and over again, wich will give it room to rise.
Features of the previous break:
- Fierce drop into the ribbon. (without a bounce on the upper side.)
- Huge wick under the ribbon before breaking it
- Fails to bounce on the ribbon. Only a little green candle in the middle of the ribbon.
We see this 3 features right now.
To stay above the ribbon:
- Bounce on the ribbon (and test it again) to continue the rally
- Btc refusing to break the ribbon over and over again, wich will give it room to rise.
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