https://www.tradingview.com/x/WEzMvtii/
Yesterday we had a $400 green candle. Some attribute the advance to the news that Square got a BitLicense from New York state (https://www.coindesk.com/square-gets-a-bitlicense-new-york-crypto/). We broke the $6,600 resistance that was holding the price for a few days. We also had a TD buy signal on daily. MACD is about to cross up and RSI is above 50. We should advance further to $6,950-$7,050 area. $6,950 is currently the tenkan cloud line. $7,050 is the trend line from the all time high. $7,088 is the 20 day moving average and the middle of the BB band. I expect that to be a strong resistance for now. If we break that area next levels are $7,350 and $7,500. On the downside if we go back bellow $6,600 it will be very bearish and we will break $6,000 in a hurry.
Weekly: Down
Daily: Up
4 hour: Up
1 hour: Neutral
Prediction for the day
Advance toward $6,850-6,950 area
If you don't have a BitMEX account yet please use this link to register and get 10% off commissions:
https://www.bitmex.com/register/WGhKhX
Signup for the first fully decentralized ALT coin exchange:
https://www.altcoin.io?kid=KAVYG