We looking at the 4 hr charting and still above the 8 EMA orange line but just!
If we stay inside the triangle pennant and the candle moving up, we could get a breakout on the daily top line. This will confirm to the upsides to $4050. We have to see from their if it's more bullish
The bollinger bands for the 21 BB and 55 BB show price is above the 21 SMA and 51 SMA
Still bullish hold from here. Remember if breaks below the triangle pennant and goes below the 8 EMA orange line, time to short
If we stay inside the triangle pennant and the candle moving up, we could get a breakout on the daily top line. This will confirm to the upsides to $4050. We have to see from their if it's more bullish
The bollinger bands for the 21 BB and 55 BB show price is above the 21 SMA and 51 SMA
Still bullish hold from here. Remember if breaks below the triangle pennant and goes below the 8 EMA orange line, time to short
Note
For the bollinger band analysis. The outside crosses are from the 55 BB and in orange. The green bollinger bands are the 21 BBYou can see the price is above the crosses, above the 55/ 2 standard deviation
Still bullish hold but be careful as explain in the previous comment
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.