Notice price action from last night. Price flash crashed and immediately bought back showing that buyers in control. Taking the context of Ethereum hard fork and that dump was due to this reason, the smart money who bought that crash is in control so this is just a pullback before a major breakout higher.
Case or price move higher:
1. Doji bar bounce on volume off of support and previous breakout price. This is known as a throwback.
2. Price above 20 and 50 ma.
3. Rising channel - price making higher lows.
5. Tight base formed from 118 - 131
Case or price move higher:
1. Doji bar bounce on volume off of support and previous breakout price. This is known as a throwback.
2. Price above 20 and 50 ma.
3. Rising channel - price making higher lows.
5. Tight base formed from 118 - 131