Also, if we pay attention to the horizontal volumes, then we came to the liquid zone, where it is possible at least a rebound.
if you look at the 12h timeframe, then we see a clear local level of $ 3900. This is a critical point for buyers. If buyers keep this level, growth will continue with a high target of $ 4750. The first temporary level is $ 4,300. In the previous idea, I wrote that I expect a fall to $ 4750. Since at this price wave is c = 0.618 * a, however, the adventurers were able to break through this level and now it will be a good area of resistance for sellers.
If we analyze the shorter timeframe, buyers are beginning to try to slow down in the region of $ 4500-4750. The first market buy and limit orders that held back the price came in this price zone. Now buyers are actively trying to buy good volumes. So far, the price does not increase especially, but there is some kind of interest, which indicates a high probability of rollback:
So this week I see 2 scenarios:
1) the price will be traded in the range of 3900-4100 $ and then the following week, the rollback will start to 4750
2) this week, the rollback to the target of 4750 after the test starts at $ 3,900