This is a new formation with a long history. Our indicators show resistance along with major support at the top of the slide. The 50 EMA
and the Bollinger Bands
are a major factor in this scenario. Bollinger Bands
measure EMA's and the width of any given descending object (triangle, slide, etc.). We're looking for a widening slide and an EMA
over 60, the hash rate will also be a major factor. According to our proprietary algorithms, at this point we'll go up, down, or possibly sideways.