** 50 EMA retest & MACD Bullish Cross : bull market indication **
As you can see on the chart, the price action retests the 50 EMA three times on the daily timeframe (28 Jan, 28 Feb, 25 Mar).
The corresponding RSI crossing the 50 level indicates the price is in an uptrend.
The ensuing MACD bullish cross corresponding to the three instances mentioned above might be a signal for another bull market.
Happy trading to all.
As you can see on the chart, the price action retests the 50 EMA three times on the daily timeframe (28 Jan, 28 Feb, 25 Mar).
The corresponding RSI crossing the 50 level indicates the price is in an uptrend.
The ensuing MACD bullish cross corresponding to the three instances mentioned above might be a signal for another bull market.
Happy trading to all.