The monthly 5-period KAMA average is now rising although we will have to wait until the end of this month for confirmation.
As for the price we are inside the first resistance area, if broken above $7500 then we have another reversal signal.
If at the end of the month both conditions are true then is a Buy.
Further confirmation will come when the yearly growth of XBTUSD will turn positive as it happened in May 2016 prior to the bull run to 20k usd.
As for the price we are inside the first resistance area, if broken above $7500 then we have another reversal signal.
If at the end of the month both conditions are true then is a Buy.
Further confirmation will come when the yearly growth of XBTUSD will turn positive as it happened in May 2016 prior to the bull run to 20k usd.