On the above 5-day chart price action has corrected over 90% since the sell signal at $7 last September (not shown). A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal prints (not shown).
2) The breakouts of Price action, RSI , and Money Flow ( MFI ) resistance.
3) Regular bullish divergence. Multiple oscillators are printing bullish divergence over a month long period.
4) On the BTC pair price action recently bounced off the golden pocket (see weekly below).