Selling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities. There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
Ascending triangle forming over the past 24 hours with heavy resistant around 14000-14500. Hoping we can break away from the triangle up to 16000. Small chance it drop back into 13000 and consolidate there.
There was a high volume downwards selling pressure (bearish) but it is insignificant compared to previous few uptrend volume. A temporary setback and will possibly stay neutral/bearish over the weekends. On the longer time frame, the trend is still healthy.
Trade active
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Unexpected price action. Liquidated 30% between R1 and R2.
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Pierced right through R2 resistance at 19000. Small chance it will go parabolic to around 35k - 55k
There was a 90k VRC sell wall up the top of the resistance around 12 hours ago. A market maker was trying to put a cap on the price to discourage buying and encourage selling.