“Double ceiling” resistance is becoming apparent:
Look at the moving average data in the upper-left corner. The current price (0.1235) is sitting right between two key moving averages. Above it is the short-term resistance at MA7 (0.1270), and further up is the medium-term resistance at MA25 (0.1286).
These two moving averages are currently forming an extremely tight resistance zone between 0.127 and 0.129. After surging to 0.1356 today, the price was quickly pushed back down, indicating that bulls faced enormous selling pressure as they tried to break through these two moving averages.$CTK
Look at the moving average data in the upper-left corner. The current price (0.1235) is sitting right between two key moving averages. Above it is the short-term resistance at MA7 (0.1270), and further up is the medium-term resistance at MA25 (0.1286).
These two moving averages are currently forming an extremely tight resistance zone between 0.127 and 0.129. After surging to 0.1356 today, the price was quickly pushed back down, indicating that bulls faced enormous selling pressure as they tried to break through these two moving averages.$CTK