About 4 years ago started the new cycle and right now we are at the same point with a similar pattern
As showed in the 2015 chart the SMA50 and SMA200 weekly are containing and compressing the price, and right now we are about to test the SMA50 arount 5700$
If the pattern repeat there will be a rejection from the SMA50 and a decline that will bring us to test again the SMA200 at least one more time.
The SMA’s will gradually compress the price until it will breakout from them and the SMA50 breakout on weekly is a strong sign for the new
Published at Tue, 09 Apr 2019 17:05:51 +0000
