- A trendline from 2017 is holding prices up with a doubble bottom formation in the daily chart an inverted head and shoulders in 4H.
- RSI is i the 30/40 region while stochastics and macd are crossing upwards in daily and weekly charts.
- we broke out of the falling wedge in the 4h chart and are about to leave the bearish channel
- A breakout above 9700 will be the most bullish leading us to retest 12k, a breakout from that will send us through the roof.
- The cross of death seems to be turning into a lifeline and we better hold onto it.
- Any good news from this point and there is many coming out should send us flying.
- You want a clue that the bull market has begun? watch EMC2 and IOTA. they have already bottomed significantly and always precede the market. noteworthy,both moved nearly 100% in the last week. GET READY.
Thanks for the analysis. Yes, I hope the bull begins these days and the FUD finally finish. A positive aspect of the falling was that the cryptoworld has been filtered itself from bad investors and speculators.