The 15m and 30m EMA's have crossed, but we've bounced right off the 4hr 50EMA. Even if we break it, there's still so much resistence right above us, with the ichimoku cloud and the daily 50 EMA. There is a lot of resistence to be broken. I'm not a buyer until we see a large volume spike to break through these resistence levels, or we fall and retest the EMA lines we are above. Tread carefully.
Comment:
Support at the 4hr 50 EMA completely failed, now testing the 1hr 50 EMA. I don't have alot of faith in it, and we're being choked by the 4hr ichimoku cloud. If we can bounce off the 1hr 50 EMA and get through this ichimoku cloud, we're clear to 5k. But that's a big if