Crypto_Mercy

Falling Wedge, where are we going.

Crypto_Mercy Updated   
BNC:BLX   Bitcoin Liquid Index
On the Monthly chart we are having resistance on the MA 5 at 4290 and EMA 30 at 4910 and we are having support with MA 200 at 3106. To confirm this falling wedge we would have to breakdown the 200 MA barrier which can be possible. Bottom of the wedge will be at 2324$ march 19th and 1725 May 19th. If we go under the 200 MA we will be there for a while, in this case EMA 100 might be our savior which is now around 1644$. The thing that is making me think we are going down now is MA 10 is about to cross down EMA 15 and EMA 21.

Trade active:
MA 200 is going up on the weekly since we bounce from it since dec 17 and now acting like a support ° Spring until we break it. RSI is still very fresh on the weekly. EMA 200 right there putting pressure at 4123$. It look like that our first attempt will be EMA 200 and we should see clear rejecting... which will push us back to retest MA 200 at 3356$

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