Hello,
That is more a trial than a solid prediction, so do not take it too seriously.
The pattern as I see it, we are in this upward channels and in a potential spring ( I insist on potential, it could fail anytime).
We are currently testing previous resistance changed to support with lesser volumes of each pumps.
If we are still following the same pattern, I see us testing the range 6700-6650 before the next leg up that I expect to be in the 7100 range.
You can see that the red line of the channel seems very important to signal a pump, and the highers boundaries of the channel seems to be good target.
There is a possibilities to get outside this channel at the second attempt of 7100 or 7500 (hitting previous triangle trendlines.
On the daily:
We can see the RSI can still go higher and that this channel is looking too bullish, that is why I think we will change the pattern around 7500 or 8500.
That is more a trial than a solid prediction, so do not take it too seriously.
The pattern as I see it, we are in this upward channels and in a potential spring ( I insist on potential, it could fail anytime).
We are currently testing previous resistance changed to support with lesser volumes of each pumps.
If we are still following the same pattern, I see us testing the range 6700-6650 before the next leg up that I expect to be in the 7100 range.
You can see that the red line of the channel seems very important to signal a pump, and the highers boundaries of the channel seems to be good target.
There is a possibilities to get outside this channel at the second attempt of 7100 or 7500 (hitting previous triangle trendlines.
On the daily:
We can see the RSI can still go higher and that this channel is looking too bullish, that is why I think we will change the pattern around 7500 or 8500.
