Currently a triple top at the high of this bounce, with a clear support level that must hold for short term bulls.
Keep in mind that even with a bull break we still have daily EMA 12 resistance waiting.
We are still currently lacking bull volume which is not giving us a whole lot of confidence that progress on the daily is being made.
I personally will be waiting for a daily trend change in this setup before I am interested in a bull.
Bears are patiently waiting for an entry looking for a lower high on the daily compared to $3,486.
Continue to compare alts into two groups: those that have broken to daily lower lows and those still holding support.
Keep in mind that even with a bull break we still have daily EMA 12 resistance waiting.
We are still currently lacking bull volume which is not giving us a whole lot of confidence that progress on the daily is being made.
I personally will be waiting for a daily trend change in this setup before I am interested in a bull.
Bears are patiently waiting for an entry looking for a lower high on the daily compared to $3,486.
Continue to compare alts into two groups: those that have broken to daily lower lows and those still holding support.
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