Congrats bulls!
This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come.
Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes.
The hourly and 4 hour up trends are clear with supports established, and EMA 12 on these time frames will be supports to watch as well.
Note the 4 hour RSI is getting a bit extended and we are due for 4 hour consolidation today to form another higher low.
We are already shaping up for a high volume day with a long way to go.
I had 1 sell order fill on coinbase $3,789 while sleeping, putting me down to a half position from my original entry. From here I will continue to play the 4 hour uptrend for the rest of the position.
Bears should be patient and wait for at least a loss of the hourly uptrend.
This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come.
Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes.
The hourly and 4 hour up trends are clear with supports established, and EMA 12 on these time frames will be supports to watch as well.
Note the 4 hour RSI is getting a bit extended and we are due for 4 hour consolidation today to form another higher low.
We are already shaping up for a high volume day with a long way to go.
I had 1 sell order fill on coinbase $3,789 while sleeping, putting me down to a half position from my original entry. From here I will continue to play the 4 hour uptrend for the rest of the position.
Bears should be patient and wait for at least a loss of the hourly uptrend.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.