The daily 200 EMA saves the day once again. This recent daily candle close has pushed us back into bullish territory above the 200 MA, hanging up the phone on all the bulls and starting to margin call the bears.
1) Historically the daily 200 EMA has been a rock solid support and just proved itself again.
2) Support turned resistance at 640 is once again a nice support making it a good buy zone.
3) Flat Kumo at $890 is acting as a magnet pulling the price to it, making this our attractive target.
Act now or hold your peace ever fourth.
1) Historically the daily 200 EMA has been a rock solid support and just proved itself again.
2) Support turned resistance at 640 is once again a nice support making it a good buy zone.
3) Flat Kumo at $890 is acting as a magnet pulling the price to it, making this our attractive target.
Act now or hold your peace ever fourth.
Comment:
Well there - onward to $890
Comment:
(Changed my chart aesthetic because I got a new computer srry)
Last time the 12H Ichimoku cloud crossed we went +380% in 77 days from the cross to the top, that would currently put us on track for a run up to ~3k by august
Last time the 12H Ichimoku cloud crossed we went +380% in 77 days from the cross to the top, that would currently put us on track for a run up to ~3k by august
Close/Open above the current downtrend line of the bull pennant we are in, heavily suggesting at an incoming bullish breakout strengthened by the tightening Bollinger Bands (signifying pending action) and the possible 12H Ichimoku cloud cross (crypto settings).