A crucial moment for the bulls, it is time for them to show their strength.
Current support/resistance: $8'600/$9'000
The bulls are defending their positions, leading to daily close prices above $8'600. They are now aiming at the $8'800 resistance that is on the way to $9'000. The MACD and 20 days moving average have been in the green for more than 20 days now. However the MACD is on the verge of crossing the signal line, while the RSI fluctuates around 60 level.
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.