-Since the end of October 2020, the price started quickly increasing, moving with a strong uptrend.
High and strong momentum confirmed the trend, reaching in less than 1 month the level at 20000.00.
-The price bounced on the at 20000.00 and failed the next attempt to break it.
-The 16th of December, a strong momentum upbar broke the and the price moved up until the level at about 24000.00, level of price where the market got a consolidation for few days, before moving up one more time reaching the level at about 28500.00.
I aspect the price getting few more days of consolidation, before falling down as a correction of the main uptrend, going to reach the at about 23000.00 (Perfectly matching with the 0.61% of ).
The price is in high period, overbought and the divergence during the full last month make me think about an upcoming correction and market reversal.
READ WELL: I DON'T suggest to open any short position right now, because we still don't have any sign of market reversal yet!
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