As the Weekly Stochastic RSI stays above 80, The daily has gone all the way down and looks like Momentum will go back up for the short term at least. Considering we have not stayed below $5000, maintained above the 20 MA and now the 4Hrly has just changed hands, the Bulls have the upperhand.
Also Price above DAILY EXPONENTIAL MOVING AVERAGE (EMA) 20,30,50,100,200
& DAILY SIMPLE MOVING AVERAGE (SMA) 20,30,50,100,200
Looking at $5500 as resistance.
Also Price above DAILY EXPONENTIAL MOVING AVERAGE (EMA) 20,30,50,100,200
& DAILY SIMPLE MOVING AVERAGE (SMA) 20,30,50,100,200
Looking at $5500 as resistance.