Bullish signals on the daily
Cloud indicators (20,60,120,30)
Kumo crossover gives a nice bullish signal
TK cross in cloud gives a weak bullish signal
Lagging line crossed price from underneath – bullish signal
Price above Tenkansen and Kejun – bullish
Key levels of support and resistance
Green line at 4530 sats should provide nice support
Price trying to get through some heavy resistance at around 7000 sats, if it breaks through here look for a possible bounce for entry
Fib retracement shows next resistance could be as high as 10000 sats, although there could be trouble at 9000
RSI
Ship may have sailed already on this one, but price lower low, oscillator higher low
Bears are tired – Bullish
EMA
10 day EMA crossed over the 30EMA in late December
Historically this signal has provided very good indication
Most comparable is the crossover occurring in Apr, where we saw a 275% return – If youd traded almost perfectly. Here we see a current return of 150%, so we still have some way to go
For me this is a good spot for entry, look to see what happens around 9000-10000 sats
Cloud indicators (20,60,120,30)
Kumo crossover gives a nice bullish signal
TK cross in cloud gives a weak bullish signal
Lagging line crossed price from underneath – bullish signal
Price above Tenkansen and Kejun – bullish
Key levels of support and resistance
Green line at 4530 sats should provide nice support
Price trying to get through some heavy resistance at around 7000 sats, if it breaks through here look for a possible bounce for entry
Fib retracement shows next resistance could be as high as 10000 sats, although there could be trouble at 9000
RSI
Ship may have sailed already on this one, but price lower low, oscillator higher low
Bears are tired – Bullish
EMA
10 day EMA crossed over the 30EMA in late December
Historically this signal has provided very good indication
Most comparable is the crossover occurring in Apr, where we saw a 275% return – If youd traded almost perfectly. Here we see a current return of 150%, so we still have some way to go
For me this is a good spot for entry, look to see what happens around 9000-10000 sats