- Price seems to be trading deep within a falling wedge (bullish pattern).
- Trading just above horizontal support area and exactly on the 100 daily EMA support
- 100 daily EMA was the bottom during the previous large correction down to 145.
- We've had 2 quick wicks through the ichimoku cloud, but are trading within the cloud, which should act as support.
- The fact that we see 2 wicks this sieze in a row shows that buyers are very eager to step in at the levels below us.
- Tenkan-sen (blue line) is still above the Kiju-sen (red) which is a bullish signal
- The bounce from 178 satoshi was exactly the .786 fibbonnaci measured from the bottom to top of the last rally (145-299).
- RSI bounced from the bottom of a falling wedge and is forming a hidden bullish divergence, which is only negated if we drop below 145.
Besides this TA, Gochain is launching Arabian Bourse exchange and payment solutions in Q1, which is ending in the coming weeks.
- Trading just above horizontal support area and exactly on the 100 daily EMA support
- 100 daily EMA was the bottom during the previous large correction down to 145.
- We've had 2 quick wicks through the ichimoku cloud, but are trading within the cloud, which should act as support.
- The fact that we see 2 wicks this sieze in a row shows that buyers are very eager to step in at the levels below us.
- Tenkan-sen (blue line) is still above the Kiju-sen (red) which is a bullish signal
- The bounce from 178 satoshi was exactly the .786 fibbonnaci measured from the bottom to top of the last rally (145-299).
- RSI bounced from the bottom of a falling wedge and is forming a hidden bullish divergence, which is only negated if we drop below 145.
Besides this TA, Gochain is launching Arabian Bourse exchange and payment solutions in Q1, which is ending in the coming weeks.