Will it breakout of triangle?
MACD looking to give signal for the breakout.
SMA 20 and looking to cross above 50 which is a bullish sign.
However, volume is low.
The low volume suggests that most are waiting on the sidelines for market to decide.
Both shorts and longs on bitfinex has jumped a bit in the last few days. So, we are neutral on that part too.
So, overall look on daily leans a bit towards bullish.
I will wait for breakout above 6750 with a stop-loss a few points below 6550.
SMA 20 and looking to cross above 50 which is a bullish sign.
However, volume is low.
The low volume suggests that most are waiting on the sidelines for market to decide.
Both shorts and longs on bitfinex has jumped a bit in the last few days. So, we are neutral on that part too.
So, overall look on daily leans a bit towards bullish.
I will wait for breakout above 6750 with a stop-loss a few points below 6550.
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