is on fire today! It has broken out from the bull wedge
pattern on daily charts
, and appears to be gaining steam. It looks like we are in wave 3 of the impulse of a 5-3 Elliott Wave
. Both Kovach Momentum Indicators are solidly bullish
and we've been testing the upper bound of the Kovach Reversals Indicator for a while now. Consider taking profits or adding to a position on a retracement.
If you're interested in the Momentum or Reversals Indicators, check out quantguy.net. Also available are crypto specific indicators!