The bulls are making a push to confirm the bull flag.
We've currently confirmed EMA12 support, but the bulls need to make a push higher to break resistance at $9,388. Otherwise, we remain range-bound.
The likelihood of a bull break is now higher than a bear break, but we've all seen significant pushes down in short time-frames, so we need to stay cautious.
If making a short-term trade, it is best to wait until we get clear direction once this range is broken.
A bear break will lead us into healthy daily consolidation. A bull break could potentially take us through major resistance at $10,000.
Both scenarios keep us long-term bullish for the time being.
If you agree or find this helpful, please like and share your thoughts below!
We've currently confirmed EMA12 support, but the bulls need to make a push higher to break resistance at $9,388. Otherwise, we remain range-bound.
The likelihood of a bull break is now higher than a bear break, but we've all seen significant pushes down in short time-frames, so we need to stay cautious.
If making a short-term trade, it is best to wait until we get clear direction once this range is broken.
A bear break will lead us into healthy daily consolidation. A bull break could potentially take us through major resistance at $10,000.
Both scenarios keep us long-term bullish for the time being.
If you agree or find this helpful, please like and share your thoughts below!
