We have pumped above what was the watched support and resistance at the 200-week EMA and the 200-week SMA.
The new realm to watch is on the daily chart between the 233-EMA and the 377-EMA with a leaning for a break above the 377-EMA and a move to $6000 where the 377-EMA then becomes support and 6500 becomes the next critical resistance target.
Staying long the buys from Dec, Feb, and the recent trend line break. A break of the first red bullish trend line would trigger sells for me.
Happy Trading!
The new realm to watch is on the daily chart between the 233-EMA and the 377-EMA with a leaning for a break above the 377-EMA and a move to $6000 where the 377-EMA then becomes support and 6500 becomes the next critical resistance target.
Staying long the buys from Dec, Feb, and the recent trend line break. A break of the first red bullish trend line would trigger sells for me.
Happy Trading!