Things to note:
- bullish cross of 9 above 21 on daily
- bulls managed to clear the 50 & 100 SMAs so far
- major OH resistance @ BF channel @ $22.4k
- major OH resistance @ LT downward slopping trendline @ $23.1k
- RSI heated on daily & 4hr
I would think that the RSI on the lower TFs would have to cool-off a bit before attempting to break back into the BF channel, but we'll see how this plays out.
- bullish cross of 9 above 21 on daily
- bulls managed to clear the 50 & 100 SMAs so far
- major OH resistance @ BF channel @ $22.4k
- major OH resistance @ LT downward slopping trendline @ $23.1k
- RSI heated on daily & 4hr
I would think that the RSI on the lower TFs would have to cool-off a bit before attempting to break back into the BF channel, but we'll see how this plays out.