SQ bullish assumption has continued to soar higher; the bullish bearing is still an on-going one and has a long way to go, in fact is one of the favorite pair to trade on, as it heads to the next price resistance level.
Supply levels: $75, $79, and $83
Demand levels: $70, $66, and $60
SQ Medium-term Trend: Bullish
The medium-term direction has been a bullish one, has to continued to be, the pair north drive is about to break out of the price resistance level of $75 and will possibly head on to the price level of $79 and $83.
The MACD Histogram bars are still maintaining their bullish outlook, and the 14 and 50 Exponential Moving Averages are below the price and crossed for a bullish indication.
SQ Short-term Trend: Bullish
The short-term trend is now a bullish trend. After some days of flat market, the trade seems to resume the bullish call, thus heading to the next resistance level, and can even go higher.
From the 4-Hours chart, it can be deduced that the MACD Histogram bars, is just trying to show for a bullish trend, also the 14 and 50 Exponential Moving Averages are under the price, and widened out for, for a stronger bullish indication.