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#BTC#
Moving Averages (MA), MACD and RSI. Moving Averages (MA):
* MA5: 108,075.2
* MA10: 107,798.1
* MA30: 107,473.4
* SAR (0.02, 0.02, 0.2): 107,310.8
Comment:
As we can see, the short-term moving averages (MA5 and MA10) are moving above the longer-term moving averages (MA30). This is a positive sign that the short-term bullish trend is continuing. The parabolic SAR is also supporting the bullish trend by staying below the price. The green candles on the chart and the upward trend of the MA lines are also reinforcing this bullish momentum. In this case, I would suggest opening a LONG position by setting an entry point around 108,350 and targeting 110,500.