Price moved up and it is currently trading deeper into the daily supply zone as predicted. It is overall still ranging in an ascending channel and it is currently getting rejected off the resistance line. MACD is now showing some bullish weakness, RSI is overbought and EMAs are bullish. I am expecting to see some retracement towards the freshly printed 12h demand around 44k before potentially moving up again.
Price moved up and it is currently trading deeper into the daily supply zone as predicted. It is overall still ranging in an ascending channel and it is currently getting rejected off the resistance line. MACD is now showing some bullish weakness, RSI is overbought and EMAs are bullish. I am expecting to see some retracement towards the freshly printed 12h demand around 44k before potentially moving up again.