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Title: Technical Analysis of BITCOIN May 10th 2020 Post by: KelvinSG85 on May 10, 2020, 06:50:30 AM Principle: The 100% true when an uptrend reverse to downtrend is that EMA 4 must cross down EMA 18.
Currently: Exponential moving average (EMA) 4 still above Exponential moving average (EMA) 18. https://invst.ly/qquhq The price is at Strong Resistance level at 10.000 but there is still no sign of Reversal Pattern. https://invst.ly/qquh6 The trendline is still intact. https://invst.ly/qquhm Conclusion: There is no reason to Sell short or Sell at this moment. And also NO BUY at this moment. Please stand by and wait. |