In the 12h timeframe, the White Energy has exhausted and started to turn down. The Red RSI and Blue LSMA is still going up whereas the Green Line is starting to show small signs of turning down.
In the 1d timeframe, the White Energy may exhaust in the next 1 or 2 candles. There is also still some room for growth for the Red RSI and Blue LSMA whereas the Green Line has not started to turn down yet.
The Red RSI is above the 56 level in both timeframes, so there is a Low CHANCE of a significant drop in price action until the White Energy crosses below the 50 level, which I expect would occur sometime this weekend or next week.
As there is still room for growth, there is a CHANCE for continued upward price movement until the Orange Trendline of my Pitchfork, or the 2.0 Fib level before the next short pullback.
In the 1d timeframe, the White Energy may exhaust in the next 1 or 2 candles. There is also still some room for growth for the Red RSI and Blue LSMA whereas the Green Line has not started to turn down yet.
The Red RSI is above the 56 level in both timeframes, so there is a Low CHANCE of a significant drop in price action until the White Energy crosses below the 50 level, which I expect would occur sometime this weekend or next week.
As there is still room for growth, there is a CHANCE for continued upward price movement until the Orange Trendline of my Pitchfork, or the 2.0 Fib level before the next short pullback.
Currently the Green Line in the 1d timeframe has also started to turn down, whereas the White Energy has exhausted and turned down too.
I personally believe that this is a shake out as the Green Line is still higher than the White Energy in the higher timeframes (2d, 3d, 4d, 5d, 6d etc.), indicating upward pressure.
This could just be a retest of the Purple Trendline as support before we continue to go to higher prices. We'll see how the price action is this weekend before making further conclusions.