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atnsarts.eth
@atnsarts.eth
Good afternoon A quick TA about Moxie A rising wedge coming from a downtrend with the combination of money outflow ( cipher B ), rsi is below 50 and the upcoming death cross of EMAs making very hard for this coin to get momentum.
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degen chad π©π€«βοΈ
@degen-chad
For your wedge, bottom line is valid. Top line of the wedge isnβt there yet, need 3 touches for it to be an actual trend line. Interesting part is that if you do get that third touch of the top line, it will actually paint an IHS. Will be an important level to watch.
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atnsarts.eth
@atnsarts.eth
This will take days to see the third touch for the rising wedge but EMAs looks pretty bad and itβs not about the cross that may happen but the gap between them is almost zero showing that there is no momentum
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degen chad π©π€«βοΈ
@degen-chad
Itβs normal for moving averages to converge in periods of consolidation.
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