BTC - the sun is just behind the cloud... literally
On this analysis we are taking a simple look at the daily chart that is looking great. Been a while since we said that but it does.
Notable aspects:
- We have an inversed H&S pattern that is pretty well defined and the price is now trying to break the neckline
- Support is getting stronger at the $42.000 area
- The Kumo cloud is breakable and will also offer support with the lead 2 line
- Conversion line is piercing the cloud
- The RSI is gaining the momentum needed in order to pierce the cloud and head to the break of the neckline
Considering the $41.500 - $44525 area a good DCA zone
Notable aspects:
- We have an inversed H&S pattern that is pretty well defined and the price is now trying to break the neckline
- Support is getting stronger at the $42.000 area
- The Kumo cloud is breakable and will also offer support with the lead 2 line
- Conversion line is piercing the cloud
- The RSI is gaining the momentum needed in order to pierce the cloud and head to the break of the neckline
Considering the $41.500 - $44525 area a good DCA zone
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