I'm looking towards weekly candle to close above 9 MA
As price held the 9MA 1D ATR momentum. If it closes daily candle above 200MA this will be recovery of the trend, possible turn from decline to rise and new rally beginning.
RSI shows current price is way to high. I'm currently waiting for pull back toward 46-45$ zone.
First candle above 9ma 1D ATR after shocking crash. If holds then rising momentum may skyrock the price or hold price in steady growth, I expect.
I expect continuation of asset growth once new break out thru trend line and MA 200 support is achieved.
Break out to the upper trend line indicates further growth and break out to the lower trade line indicates further decline. Ether way it is coming to challenge the formation.
There is a lot of room to the up side and to break all time high.