Surpassed .786 Fib, testing major resistance in prep for JAC

14 янв. 2021 г.

Price action has developed to test the major resistance for this phase at 40K, which demonstrated strong support a few days earlier. To the extent that price action surpasses 40K, then we JAC and backtest (BUEC) before seeking an ATH. Volume appears strong; MACD and RSI appear poised to discover another ATH. However, if testing resistance fails at 40K I'd expect a fallback to the minor demand line for a few tries before falling again to test the second demand line of the channel.