Crypto rebounds stalling at resistance – ETHBTC remains noteworthy

Apr 15, 2020 • 2 Min Read

What’s changing technically for crypto currencies?
After rebounding from deeply oversold levels in March, most cryptocurrencies are stalling under technical resistance coinciding with declining 50- and 200-dma’s. Given the long-term uptrend for BTC remains intact, our expectation is for the current pullback to be relatively shallow over the coming 1-2 weeks.

BTC stalling under declining 50- and 200-dma’s BTC is stalling short-term under heavy technical resistance between 7-8K which coincides with a 50-62% retracement of the Q1 collapse and declining 50- and 200-dma’s. Slide 5 ...

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