Can the 55 EMA hold this time?
Notice the times we failed, we were under the 9 & 20 EMA... Not this time... Will it make a difference? I expect so.
We need;
- The EMAs to flip Bullish (9, 20 & 55, top to bottom sequence.) MACD Bullish cross to hold and RSI to hold 50.
Worst case scenario currently, 90 EMA test at $8200-8400
I have Buy orders all the way down to those levels and I expect a test of 11-12k.
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Support at $11,400 would confirm the Adam & Eve double bottom theory from April 8th. http://thepatternsite.com/aedb.html
Notice the times we failed, we were under the 9 & 20 EMA... Not this time... Will it make a difference? I expect so.
We need;
- The EMAs to flip Bullish (9, 20 & 55, top to bottom sequence.) MACD Bullish cross to hold and RSI to hold 50.
Worst case scenario currently, 90 EMA test at $8200-8400
I have Buy orders all the way down to those levels and I expect a test of 11-12k.
-
Support at $11,400 would confirm the Adam & Eve double bottom theory from April 8th. http://thepatternsite.com/aedb.html