We finally started bouncing back of the 50 SMA on the dailyWe finally started bouncing back of the 50 SMA on the daily. This also matches with the parabolic channel (in red), the fibonacci levels and is also approaching the end of the previous bear period ( about 58 days). At this point the price could still fall through the 50 SMA but I am more bullish and think to enter a long as soon as we see clear upward momentum.
I am going with a small portion first, then if the trend is confirmed will keep on adding (dollar cost average).
