Volume is low but price is extremely squeezed so I sudden move is to be expected. MACD appears to be approaching signal line, this could be a shift of the momentum. We saw UMA testing EMA 200 and failing once, a second test could be on the way. Price it's also close to falling wedge border, we could see a break out soon if volume rise up.
I suggest entering and having a tight stop loss because BTC is closing daily candlestick as an inverted hammer so market could go down.
I suggest entering and having a tight stop loss because BTC is closing daily candlestick as an inverted hammer so market could go down.
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.