$COIN $COIN continues to look constructive following the breakout above its descending trendline. Last week produced a small bearish continuation candle but held near the top of the breakout candle, showing limited selling pressure. This week, bulls responded with a bullish engulfing candle as price approaches the 50 and 200 EMAs. A confirmed break above these key moving averages could open the door for the next leg higher. For traders who took the double inside-range pivot-low reversal highlighted a few weeks ago, there’s still no bearish reversal signal to warrant exiting, trim and trail while bulls maintain momentum. $HOOD $MSTR $MARA $RIOT $CLSK $HUT $IREN $CIFR $BTDR $GLXY $BKKT $CME
$TraderShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.