After multiple attempts at testing that 200EMA it was finally broken (with massive volatility).
We are not looking for two zones here, "point of interest" where the upper one is working as resistance and the lower one is working as support.
Upon reaching either of those, we want to see a rejection from the upper one or a breakdown from the lower one, which would mean a movement towards that lower orange zone near $60K.
As the breakout was too volatile, we might see a re-test of broken EMAs, so keep an eye on those two zones for now!! Our view is pretty clear here!
Swallow Team
We are not looking for two zones here, "point of interest" where the upper one is working as resistance and the lower one is working as support.
Upon reaching either of those, we want to see a rejection from the upper one or a breakdown from the lower one, which would mean a movement towards that lower orange zone near $60K.
As the breakout was too volatile, we might see a re-test of broken EMAs, so keep an eye on those two zones for now!! Our view is pretty clear here!
Swallow Team
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⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam