Looking at BTC/EUR - currently a tug of war: consolidating sideways in a channel.
slight signs of bulls as we´re printing HH and HL , 1h short before a possible bullish EMA cross.
in case of a bullbreak the target would be the yellow resistance line over the bull zone.
if we break down we´ll stop at the green support areas.
slight signs of bulls as we´re printing HH and HL , 1h short before a possible bullish EMA cross.
in case of a bullbreak the target would be the yellow resistance line over the bull zone.
if we break down we´ll stop at the green support areas.
Comment:
Currently a bullish EMA cross on very low volume as we approach the resistance line - we might reject if we don´t see more buying action