SQ has continued basking in its bullish move, as it operates in a no man’s land area. The price is above a resistance area looking forward to head northward to the next resistance level
Technical Levels:
Supply levels: $75, $79, and $83
Demand levels: $70, $66, and $60
SQ Medium-term Trend: Bullish
The price upsurge of this pair has continued to intensify, pushing the price to the next price resistance level of $75. This bullish journey might continue up to the price resistance level of $83, and may even form a higher high target above this level, or might reverse from there.
The daily chart indicates that the MACD Indicator Histogram is on the bullish side, and the 14 and 50 Exponential Moving Averages have also crossed for a bullish signal.
SQ Short-term Trend: Bullish
The short-term trend is now on a bullish ride, the zone where the current price is located now is a buy zone. The price can be seen heading north-side to the next resistance target.
From the 4-Hours chart outlook the 14 and 50 Exponential Moving Averages has crossed and widen out for long market entry and the MACD Indicator Histogram bars is also showing a bullish signal mode.
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