Looking at EDOUSD today. We can see a golden cross is printing with today's candle. This is typically a very bullish indicator and the last golden cross on the 4 hour saw a nice rally in price.
Previously, the 50 day crossed the 100 day on June 13th. (bullish)
Price could potentially reach $1.64 very soon on a significant pump.
Expected time frame is before July 1
Some concern though. The bottom indicators (the lines) are all pointing towards overbought territory, which could cause the rally to be shorter lived.
تعليق
⋅
Price continues with it's trend higher in lock step with bitcoin.