So we're starting to see early developments of the bulls coming back the question is what needs to happen next to confirm this?, Let's make it very simple we want to close above our 13 EMA on the Daily which is around $9960 (This EMA should be sloping upwards also), Next we want to see our RSI push above the 50 level to show the bulls are in control/ a bullish MACD cross and increasing volume on the way up...I believe all of these should be a good indication we're heading back up in the short term.
TLDR Bullish Case confirmed:
>Close above 13 EMA on daily (sloping upwards)
>RSI above 50
>Bullish MACD cross
>Volume increasing
TLDR Bullish Case confirmed:
>Close above 13 EMA on daily (sloping upwards)
>RSI above 50
>Bullish MACD cross
>Volume increasing
Comment:
Short term Bullish case confirmed gl.