is experiencing some moving average congestion and about to make a move. The direction is not clear considering BTC's current rally but technicals suggest bullish
. As long as price remains above the middle band and crosses above resistance at 115, SAFEX will have room to fly. In addition, it appear to have just completed the 5th wave major wave in its previous downtrend and may only be stagnating at this price because of current market condition. This is mid to long term hold but a tight stop is still advised.