The bulls kept pushing the momentum going during previous resistance and broke through back at the beginning of the year (which invalidated my previous idea)
The price range cannot be sustained and today momentum has been showing signs of a shift. There needs to be a retest of old supports/resistance to begin upward continuation.
Signals indication short:
- MFI flattening and in overbought region
- 1D Price action looks to be retesting the kijun-sen (Ichimoku Cloud) ~580 sats
- MACD looks to be rolling over
Let me know what you think!