There are a lot of signs pointing to higher prices on this chart filled with indicators.
- Stoch RSI is showing an uplifting pattern
- RSI is growing
- CCI is growing
- MACD has peeked over the 0 line
- Currently sitting on 12 day EMA
- 200 day and 80 day EMA have touched
- Bounced off support 4 times
- Adx and DI+ are rising above 25
The only thing that shows concern is the Squeeze indicator. I do not like buying during a squeeze most of the time.
look for it to retest 70k. If broken new All Time High will be waiting.
- Stoch RSI is showing an uplifting pattern
- RSI is growing
- CCI is growing
- MACD has peeked over the 0 line
- Currently sitting on 12 day EMA
- 200 day and 80 day EMA have touched
- Bounced off support 4 times
- Adx and DI+ are rising above 25
The only thing that shows concern is the Squeeze indicator. I do not like buying during a squeeze most of the time.
look for it to retest 70k. If broken new All Time High will be waiting.
Comment:
didn't take off right away but looks like its doing so good consolidation before rising soon. Still a good trade
Comment:
A Rise has started. We are at 10% profit from time of publication. If you are in this trade watch for a double top.
Comment:
Double top had occurred around 50000 then dropped. I still have hope until it breaksdown below the major support