Late last night (UTC-6) we saw the 20-50-100-200 EMAs begin to cross into bullish territory, starting with the 1 minute timeframe and followed by the 5 minute. On the 15, the 20 EMA has crossed the 50. Keep in mind that the daily timeframe has remained overall bullish in regards to these indicators since November, with a convergence beginning after the peak of mid-February. 1 and 4 hour timeframes are still in bearish territory, but are converging. All of this action is happening as we approach the first probe of the long-term trend line in quite some time.
Personally, I am hopeful for a continuation of the bullish trend, as we have not yet reached ATH levels.
Personally, I am hopeful for a continuation of the bullish trend, as we have not yet reached ATH levels.
