Im looking at this 4hour chart, and was cautious about calling it too early but i think if we can get above the 36,750 zone with some support and volume, we could be onto the next advance!
We have broken out of the pattern weve been trading in. Divergence on the MACD, RSI breaking above the trend its been in.
Im cautious of the 50MA, id like to see some trading on the upside with support.
Ill do a full analysis while we wait for more confirmation, 35,000 may have some resistance to it short term.
On the bearish side, id expect to retest 30,000, next id be looking around 27500 and 25500 for any dramatic waves of momentum if we do break this new trend of support
We have broken out of the pattern weve been trading in. Divergence on the MACD, RSI breaking above the trend its been in.
Im cautious of the 50MA, id like to see some trading on the upside with support.
Ill do a full analysis while we wait for more confirmation, 35,000 may have some resistance to it short term.
On the bearish side, id expect to retest 30,000, next id be looking around 27500 and 25500 for any dramatic waves of momentum if we do break this new trend of support