#PEOPLEbullish Using Support And Resistance analysis
the setup is clear,on the 4hr time frame, the price has just broken all the resistance meaning the price is over all EMAs which indicates continuing strong bullish momentum.
✔ However the RSI is slightly in overbought areas RSI (6) =83 which may indicate a slight pullback before the next target.
✔ Looking on the 3 days time frame, the price has just risen above the resistance of EMA(25) at 0.02265 with a bullish RSI and if All Goes well the next target is 0.02543 which is the next resistance at EMA(50) as you can see
✔ Breaking above that EMA 50 with increasing volume may push the price to the next resistances of EMA (100) at 0.03398 and ( 200).
Note;As usual $BTC is the catalyst, when you see BTC rising, expect the continuing uptrend above all these resistance and above.
