The 200 MA and 200 EMA are coinciding just above rising $
It is my noob believe that either one of these is major resistance or support, and if we close a candle or two above these lines, I will close any short positions and consider some bullish options despite the predictions of lower consolidation. I don't believe we can break this resistance without some serious bullish pressure, but it would have to be confirmed, because low volume price action in the middle of the night means little. two candles closed above will be confirmation for me. But I am a noob. Please tell me if or where or why I am wrong. Databybter
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