With a little mini breakout on this we can hope for a pull back to roughly 5575. Now I understand that is asking a lot being that it's currently at 5879 and we are trying to confirm Long and not bust the Squeeze.
Other entries, based off of current market states could be 5725.
Take a look at the EMAs..... 8, 13, 21, 54 - B, O, G, R respectively.
Let's zoom out to get an overall look of what's really happening...
Just as most coins lately, is low. We are still trading above this from early May. We got a ways to go to get back to the 236 but this trade LONG firing on a Daily and Weekly....well that sounds good to me.
Lets wrap this up with the Weekly View.
Now we are still under the 54 and may find some resistance there but we have support from the 8, 13 and 21 with the 21 just about to cross back over the 13 to reclaim its place in the pecking order.
Let me know what you guys think...