Bulls formed a 4 hour higher low and higher high last night, turning EMA resistance into support.
Bulls are trying to hold long enough to see a bull cross of these EMAs.
Now we will need a higher low and higher high on the daily to see a shift in the trend to favor the bulls.
All these bounces are just lower highs until we see the daily chart follow through, and get over EMA resistance.
The volume on the daily and weekly chart is encouraging as the bulls try for a weekly reversal candle.
Continued close eye on BTC for the correlation that is running the crypto space right now.
Bulls are trying to hold long enough to see a bull cross of these EMAs.
Now we will need a higher low and higher high on the daily to see a shift in the trend to favor the bulls.
All these bounces are just lower highs until we see the daily chart follow through, and get over EMA resistance.
The volume on the daily and weekly chart is encouraging as the bulls try for a weekly reversal candle.
Continued close eye on BTC for the correlation that is running the crypto space right now.
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