Not a lot of people interested to sell at the latest weekly resistance around 300.
Not expecting there will be a lot of selling pressure at the next daily resistance around 360. It will more likely act as consolidation zone before the next leg up.
400 resistance is another story...
Impressive dump that I didn't expect with such a velocity.
Feeling like an overshot out of range at the moment.
Short term, still thinking we'll head back towards middle of the range.
Having a look at Fear & Greed Index reinforces my biais.
Expecting a retest of the 7097 resistance then back down around 6765 daily support.
Wouldn't be surprised we'll overshoot to the lower band around 6685.
But keeping in mind it's weekend and bots might have another plan...
Squeezed in between monthly supports and supported by the .618 pitchfork line.
Really think the bulls will try another attempt to reach that liquidity pool above 10500 to trigger all the stop losses and market buys.
It that's the case, expecting a spike to next HVN zone between 11300 and...
Hard to say what will happen from this point.
One pattern we could draw is an ascending triangle.
Decreasing volume is an indication that this could actually be an accumulation phase before a breakout to the upside.
But RSI is showing us a divergence.
Just broke out of descending triangle.
Could still be a fakeout though. If not, we'll probably head for monthly resistance at 9250 which I'm not sure will be strong enough to block the way to 10'000 region where we have stronger monthly resistance.