Description
⋅ We only took a brief rest at the last resistance but reacted...
Comment
⋅ Resistance hit
Let's see what happens here
I expect more up movement because momentum is still building
Let's wait and see
Comment
⋅ Notice that the candles are getting bigger. This is a sign of danger (meaning another very strong and and big pullback
So be careful please
Comment
⋅ It is expected that when price blasts through resistance and does not respect it (like our scenario) that we will reach the next resistance
Also, note the divergence between price and my oscillator, each one is going in a different direction
Comment
⋅ Current fair market value according to the different TF:
Monthly: ~$1250
Weekly: ~$1500
Daily: ~$1800
FYI
Comment
⋅ So we did get a reaction at the resistance after all yesterday (about $175) and today, we are back at the same resistance.
I still hold my view that we will probably reach the next resistance BUT as always, please be careful