GEEZ! Yeh I am keeping eyes on this one as much as possible! We have the 12, 26, 50 ma crossing the 200 bearish but now price moving back up to cross bullish. The MAs are squeezing like I said but I wanted to see it on the 4 hr. We have RSI at which has basically been our breakout point for this entire “Zipper” pattern. We have a MacD that appears to be rejecting a bear cross. We have a price action pattern that is screaming “time to go up.” I know I sound a bit excited by this point but it is because of how bullish these short term time frames look and how big the ranges are. We must remember the bears we found hiding in the bushes on the 4hr though.
If we break through our center area and continue up to test the top of our triangle that is about 12.5%. If we break through that. It could be as much as 40.
Let’s be real though. Other large cap coins are not showing near term breakouts like this and BCH did not start its run until a few hours AFTER LTC and BTC during the April 2nd run. This looks really good to me but I’m going to go get lunch and take a walk before make any decision here.
Correction* bears hiding in the bushes on the 1 day chart not the 4 hr.
If we break through our center area and continue up to test the top of our triangle that is about 12.5%. If we break through that. It could be as much as 40.
Let’s be real though. Other large cap coins are not showing near term breakouts like this and BCH did not start its run until a few hours AFTER LTC and BTC during the April 2nd run. This looks really good to me but I’m going to go get lunch and take a walk before make any decision here.
Correction* bears hiding in the bushes on the 1 day chart not the 4 hr.
