Based on my previous post we have reached the 10k ascending triangle target and we may see a retracement or consolidation period in the coming days before we head higher to the 11.5k-12k level. At this point we see a doji forming after an increase in volume as mentioned in my previous post.
The previous post is the following:
Moreover in the 4hour chart we have some signs of bearish divergence on an overbought RSI and MACD just barely stays about the signal line for now (sell signal)
If this expected consolidation breaks down, lower than 9.5-9.2k, we may go to down to 8k, or even lower, forming wave B of the ABC correction wave. If we break up 11.5k is a target.
The previous post is the following:
Moreover in the 4hour chart we have some signs of bearish divergence on an overbought RSI and MACD just barely stays about the signal line for now (sell signal)
If this expected consolidation breaks down, lower than 9.5-9.2k, we may go to down to 8k, or even lower, forming wave B of the ABC correction wave. If we break up 11.5k is a target.