It is expected the price will bounce on Fib Level 23.6% short retracement to comply with the recent down trend before rallying to the next resistance level and all the way to top limit of Daily Consolidation zone.
Pros:
- M: ascending wedge with 1.87331 as resistance and this line has been hit.
- Daily RSI is about to get into Sell Zone
- 2h: Price broke inner up trend line
- 2h: RSI is half way up to Sell Zone
Cons:
- Unless price broke Monthly resistance and rally for 2h Fib 1.618 D extension target
