Volume spike this morning as bulls went for a V-shaped recovery from 15 min oversold bounce to higher highs. We were looking at $7,777 resistance on the daily as the next level so technically we have a double top with this resistance. This now allows bulls to move my stop levels up to under $7,200 daily higher low. Notice the shift in sentiment, we used to see quick bulls moves then constant slow fade giving the move back. Now we are seeing bear pushes not able to knock the 15 min RSI far below 30, and then slow and steady buying of the dip for hours after. Looking for the bulls to keep 4 hour higher lows and see a nice uptick in volume today.
We broke EMA100 (daily interval) for good which is very bullish. We also observe
RSI positive convergence and it's getting stronger.
Resistance levels at $8430; $8630; $8875
Ronnie_Dong
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CryptoManiac101
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Sherem
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Yo @TheChartGuys I am seeing it's forming more of a megaphone rather than a bull flag? I guess we'll see here shortly. It definitely needs to break 8k for a sustained move higher!
I put the megaphone chart in this update if you are interested.
ElioAngarita
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Thank you for your chart! i always look at your videos. always straight to the point.
RSI positive convergence and it's getting stronger.
Resistance levels at $8430; $8630; $8875