In order for this up trending market to lose that status its bounce should hold either here at the daily EMA 20 or at the SMA 50. Those averages coincide with visible lateral resistance. The blue shaded dots show previous failures at the EMA 20.
See, I told you it was going to be “a little” micromanagement. It’s sure not rocket science.
Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @NFTRHgt or StockTwits.
