Today BTC has a Very Dangerous shadow on EMA 200 !

Today the BTCUSDT make a very dangerous shadows on EMA 200 on the Daily timeframe.

EMA 200 is one of the most important trend line indicator in the technical analysis.

For most traders and technical analysts the EMA 200 is a strong Support/Resistant line and indicates the long term trend line.

تعليق:

The BTC has a explicit break down on EMA 200 , but still the daily candle is not closed.
Technically if it does a bearish downtrend should be begin.
Next targets are : 40K , 36K and 28K.