$8379 Resistance Broken next target ~8625
Looks like my previous prediction / timeline estimate was right on trend and we broke through the 8379 resistance in the current 4h period's candle.
I'm thinking we'll see another bit of resistance around the 8625 price since we traded in that area for so long on the way down a few weeks ago. We also seem to be pushing the top end of the bollinger bands on the chart now so at a minimum we'll see a few hours of sideways trading.
Another strong bullish sign is that we had a 50 Period EMA cross back over the 200 Period EMA some time last night which hasn't happened March 9 on a 4H chart.
I'm considering buying another layer on the next pullback.
Not financial advice, just telling you what I'm doing. I'm just a guy on the internet.
I'm thinking we'll see another bit of resistance around the 8625 price since we traded in that area for so long on the way down a few weeks ago. We also seem to be pushing the top end of the bollinger bands on the chart now so at a minimum we'll see a few hours of sideways trading.
Another strong bullish sign is that we had a 50 Period EMA cross back over the 200 Period EMA some time last night which hasn't happened March 9 on a 4H chart.
I'm considering buying another layer on the next pullback.
Not financial advice, just telling you what I'm doing. I'm just a guy on the internet.
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