As the MA 50 begins to reform over the MA 100, we could see consolidation or horizontal movement. If we see the MA 200 dip under 100, I suspect a full bull run.
My gut tells me that MONA will go up and will stay within its channel (follow the resistance green band down). We will see in 43 hours, until then I want to buy as it begins to hit the lower support levels (follow the support line orange band down). The white band shows a temporary resistance band that could show the new resistance if it does break above the longer one.
My gut tells me that MONA will go up and will stay within its channel (follow the resistance green band down). We will see in 43 hours, until then I want to buy as it begins to hit the lower support levels (follow the support line orange band down). The white band shows a temporary resistance band that could show the new resistance if it does break above the longer one.
Comment:
With Bitcoin's recent volatility, the TA I've been doing has become more and more irrelevant. Here's to hoping the market cools down and BTC goes flat for a day or two