EMC2 is making a A bullish continuation Pennant and I am expecting a breakout which will complete the 5th Elliot wave . Beside that, the price sustained itself for a good time above the ichimoku cloud, the 0.5 Fib level (1430), and the 200 moving average which is a good bullish indication as I see it. Unless Bitcoin does something Crazy (go to the moon) I think...
It looks like BTC broke out of an ascending wedge after a strong upward movement for 10 days, The next support level is in the 4000 range. # If the 4000 support holds strongly and we get a strong bounce with a nice volume then we'll likely continue up to the 4800-5000 range # If the 4000 support doesn't hold and we break below it & below the cloud then we'll...
Waiting for the break out then I am long on DGB, the chart says it all. Good luck ;)
1) Tested support many times and rejected 2) broke the main down trend-line 3) A new up-trend is likely established 4) if the price brake the main resistances (pointed with the purple double-arrows) I think maybe it will continue bullish. Probably ;)