Spendcoin (SPNDBTC) is gaining bullish momentum and now breaking above EMA300.
EMA300 is the gray line on the chart. This is the final EMA working as resistance as the rest are already below the current price.
Here I am showing mainly two bullish scenarios.
1) Closing above EMA300 can produce straight up. 2) Moving below EMA300 would signal additional consolidation before higher prices (curved green arrow).
The indicators are looking good and all the signals are favoring the bulls.
Note: You still need a plan before you trade.
What to do if prices drop? When to sell if prices go up?
The targets and additional information can be found on the chart.
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