bullish breakout.$ELSA
Vertical Surge: The price has jumped sharply from around 0.114 to a high of 0.137, currently sitting near 0.131.
Moving Averages (MA): The price has aggressively crossed above both the MA(20) and MA(50). This often indicates a shift from a bearish/sideways trend to a strong upward momentum.
Resistance Break: The asset has cleared a previous local resistance zone, though the long "wick" at the top of the green candle suggests some selling pressure or profit-taking at the 0.137 level.
Technical Indicators
The first image provides the momentum details:
RSI (Relative Strength Index): At 70.06, the asset is technically entering the "overbought" territory. While this shows strong buying pressure, it also warns that the price might need a cooling-off period or a slight retracement soon.
MACD (Moving Average Convergence Divergence): * The DIF (yellow line) has crossed above the DEA (purple line), which is a classic bullish signal.
The green histogram bars are increasing in height, confirming that the upward momentum is currently accelerating.