We have gone from a 1 hour equilibrium into a 4 hour equilibrium that should see a break later tonight.
We will get a bull MACD cross on this time frame with a bull break.
If we break bearish, we will look to BCH for potential upside.
With a bullish break we will look for a more prolonged bull move with the MACD cross to go with it as we head back towards the highs.
In not in a position, patiently wait for this break to occur, as the trading range and volume is likely going to continue to tighten through today.
Looking to form a higher low this morning for some short term upside to stay in the pattern.
We will get a bull MACD cross on this time frame with a bull break.
If we break bearish, we will look to BCH for potential upside.
With a bullish break we will look for a more prolonged bull move with the MACD cross to go with it as we head back towards the highs.
In not in a position, patiently wait for this break to occur, as the trading range and volume is likely going to continue to tighten through today.
Looking to form a higher low this morning for some short term upside to stay in the pattern.
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