SQ bullish riddance is unrelenting, thus the price is determined to break the next resistance level, and even go higher to the next price resistance level.
Supply levels: $75, $79, and $83
Demand levels: $70, $66, and $60
SQ Medium-term Trend: Bullish
The market bullish trend has continued the move up to the price resistance level of $75 and a breakout of this level will mean that the price can still go higher to the resistance level of $79 or even $83.
The chart analysis indicates that the MACD Indicator Histogram bars are rising and the signal lines are crossed for a bullish setup, also the price is below the 14 and 50 Exponential Moving Averages, thus holding on to the bullish market.
SQ Short-term Trend: Bullish
Though the short-term trend has been trending within a support and resistance level, the trend is bullish, and the market is heading to the next price resistance level, a break of this level might push the price higher.
A review of the 4-Hours chart shows that the price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator Histogram bars are building up gradually to confirm the bullish market.
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