Similar to litecoin, we're testing daily resistance here with bearish divergences appearing.
This might simply break out and move straight into the high 600's (I think most of us would want this), however I'd prepare for this scenario as well.
About to go for a fourth test of resistance; I think there's a good chance we break it to the upside.
HOWEVER, I'm not opening a long here. R:R is bad at this level. If I see a strong daily close above the range high, I'll look to buy any pullback and lead that into 614.
This is one bullish macro scenario I'm looking at.
Before taking any long positions, I'd look for the lows to first be taken out followed by strong volume leading the reversal; from there I'd consider longing any logical pullback into HTF resistance (4721, 7006).