The price action rose up from 10,500 to 11,950, stopping just short of resistance at 12,000.
The has moved into overbought territory and the RVI is indicating high levels of , which means the probability of a pullback or sideways price action is likely to begin.
However, the has been and increasing for the past few days, there are divergences forming on the 1-hour timeframe, and the Chikou span is upcrossing the price.
All of the above variables point to a possible breakout higher in which the price action could leg up to resistance at 12,300.
Bearish: Price momentum slows as profit taking begins pushing the price back down to support at 11,300.
Bullish: continues its moving the price up to 12,300 - 12,500
55% / 45%