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Panjang

The break out of $3968 can be the start of a bull run

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As the heading apply if we break out the $3968 (top black line), then we break out of the daily bearish pennant. This is a very bullish breakout and prices from their can go to $4050, $4200, $4800 levels and maybe more

We looking at the 4 hr charts

For now, we can see the candles still above the 8 EMA orange line. This is bullish still but *just*. Traders use the 8 EMA if above the orange line to hold unto their position, otherwise to go short

There is a lot of bearish wicks in the candles as the bears try to push the price down but it's hanging very strong! Few days ago it was struggling to pass the $3900 levels.
Currently moving around the $3920 to $3940 levels. Very aggressive bears as soon as the price passes the $3940 mark

The Stoch RSI looks like it wants to make one more pump to $4050.
If still above the orange 8 EMA it still bullish and hold onto your position for perhaps a big bullish breakout

Penafian

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