Bearish for short term after the price action broke from the potential bullish ascending triangle and being rejected by 20 and 50 EMA..
also it seems consolidating between yellow fibonacci 0.236 (daily/long term) and EMAs line.. some big move expected to be appear in the future either up or down.
MACD is looking bearish as it's could still continue to build up it's seller momentum.
i expect a next support around 1500 sat to be a next support 0.786 green fib (weekly fib) if it's cant hold the current support...
conversely, if the price action somehow manage to break above 20 and 50 EMA around 1700 satoshi. would be a bullish sign and might expect test 200 EMA around 1785 satoshi
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
also it seems consolidating between yellow fibonacci 0.236 (daily/long term) and EMAs line.. some big move expected to be appear in the future either up or down.
MACD is looking bearish as it's could still continue to build up it's seller momentum.
i expect a next support around 1500 sat to be a next support 0.786 green fib (weekly fib) if it's cant hold the current support...
conversely, if the price action somehow manage to break above 20 and 50 EMA around 1700 satoshi. would be a bullish sign and might expect test 200 EMA around 1785 satoshi
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.