For the first time this year, the EMA14 has been tested, and it looks like we might experience strong price rejection here. Historically, this has been a strong level for rebuilding momentum and continuing the trend. If this monthly candle closes above both the low of the last three months and EMA 14 , it could present a good buying opportunity for the long term.
But don’t get distracted by short-term market moves—they can often be misleading.
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#BTC
BTC Still Looks Exciting on the Monthly Chart
For the first time this year, the EMA14 has been tested, and it looks like we might experience strong price rejection here. Historically, this has been a strong level for rebuilding momentum and continuing the trend. If this monthly candle closes above both the low of the last three months and EMA 14 , it could present a good buying opportunity for the long term.
But don’t get distracted by short-term market moves—they can often be misleading.
#ETH #ADA #BNB #GT