As the heading apply if we break out the $3968 (top black line), then we break out of the daily bearish pennant. This is a very bullish breakout and prices from their can go to $4050, $4200, $4800 levels and maybe more
We looking at the 4 hr charts
For now, we can see the candles still above the 8 EMA orange line. This is bullish still but *just*. Traders use the 8 EMA if above the orange line to hold unto their position, otherwise to go short
There is a lot of bearish wicks in the candles as the bears try to push the price down but it's hanging very strong! Few days ago it was struggling to pass the $3900 levels.
Currently moving around the $3920 to $3940 levels. Very aggressive bears as soon as the price passes the $3940 mark
The Stoch RSI looks like it wants to make one more pump to $4050.
If still above the orange 8 EMA it still bullish and hold onto your position for perhaps a big bullish breakout
We looking at the 4 hr charts
For now, we can see the candles still above the 8 EMA orange line. This is bullish still but *just*. Traders use the 8 EMA if above the orange line to hold unto their position, otherwise to go short
There is a lot of bearish wicks in the candles as the bears try to push the price down but it's hanging very strong! Few days ago it was struggling to pass the $3900 levels.
Currently moving around the $3920 to $3940 levels. Very aggressive bears as soon as the price passes the $3940 mark
The Stoch RSI looks like it wants to make one more pump to $4050.
If still above the orange 8 EMA it still bullish and hold onto your position for perhaps a big bullish breakout
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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.
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.