Still in the ascending channel - 4h, but for how much longer..
So the ascending channel still holds but im bearish IF we close below the 50MA.
We can see that before, the price dipped a few times below the 50MA before falling through it and dipping below 100MA. Now we dipped a few times below the 100MA while holding it low and that just gives me bearish vibes. If we manage to produce a green candle while bouncing of the 50MA this day, i will buy buy back in the hope we will hit ~12k - 12.2k
Let me know what you think about this in the comments.
We can see that before, the price dipped a few times below the 50MA before falling through it and dipping below 100MA. Now we dipped a few times below the 100MA while holding it low and that just gives me bearish vibes. If we manage to produce a green candle while bouncing of the 50MA this day, i will buy buy back in the hope we will hit ~12k - 12.2k
Let me know what you think about this in the comments.
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