Major Confluence lining up with the Moving averages
Price has crossed the 200MA on the 8hr; four daily closes in a row printing higher highs with major selling pressure. It seems that the bulls are winning.
There is a stronger push by buyers this time. The averages are stacked longer-term on the bottom-- to--shorter on top, and spacing out heading upward.
Check the lower time frames and you will see price finding support on the Moving average same. Is it enough?
As long as price is above trendlines I say this asset is bullish, however I want to see more volume and a close above the box or I expect a reversal to the downside.
Constructive criticism highly encouraged.
NOT FINANCIAL ADVICE
Price has crossed the 200MA on the 8hr; four daily closes in a row printing higher highs with major selling pressure. It seems that the bulls are winning.
There is a stronger push by buyers this time. The averages are stacked longer-term on the bottom-- to--shorter on top, and spacing out heading upward.
Check the lower time frames and you will see price finding support on the Moving average same. Is it enough?
As long as price is above trendlines I say this asset is bullish, however I want to see more volume and a close above the box or I expect a reversal to the downside.
Constructive criticism highly encouraged.
NOT FINANCIAL ADVICE
Medium Priority Trade.