
A peek at the shows is currently experiencing challenges moving past the 20 , 50 , 100 and 200 Moving averages .
Even a close above the lowly 20MA has become a challenge. At least id expect to breach the 20 MA ( the green line) .
If has plans to move up then there has to be candle close above the MA20 on the daily at a minimum
Also of importance is the symmetrical triangle is travelling in currently. This triangle has two moves and can move in either direction . One direction leads to 3100 and the other option leads to 4300.
We will have to wait and see how this plays out.
Im targeting this wilh half-in crypto and half in FIAT . if moves above 38xx this will be my signal to re-enter.
if drops below 3500 this is my signal to exit .
Published at Sat, 26 Jan 2019 19:32:37 +0000