W: Van de Poppe Holds as $0.089 Resistance Looms
W trades at $0.01 with bullish MACD golden cross while trader targets quick move to $0.0110-0.0120 on $0.089 break.
SourceAnalysis
Michaël van de Poppe stays long $W as price grinds into lower-timeframe resistance at $0.089, with a clean break expected to trigger rapid extension toward $0.0110-0.0120. On the 4h chart W sits at $0.01 inside the Bollinger Bands, where EMA50 and EMA200 both converge at $0.01 to form layered support while RSI(14) at 59.41 remains neutral and MACD registers a bullish golden cross, indicating the current grind can extend before any healthy retracement tests the 50-EMA confluence.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast