1. Long term upward trend line and 0.382 fib holding price as strong support
2. MACD 4H crossover supports bullish movement.
3. Bears exhausted
4. No short term bad news
Possible alternatives:
If price crosses upward trend line, please don't follow this idea.
50 day SMA getting closer to 20 days SMA, if crosses then bears might get momentum.
2. MACD 4H crossover supports bullish movement.
3. Bears exhausted
4. No short term bad news
Possible alternatives:
If price crosses upward trend line, please don't follow this idea.
50 day SMA getting closer to 20 days SMA, if crosses then bears might get momentum.