Bullish divergence is spotted on H1 timeframe on both Ultimate Oscillator and MACD Histogram, supporting by the fact that price has just reached 0.382 retracement level (On daily tf). The only pullback is we do not have a double divergence on MACD.
From the raise in the last 3 hours last week, we have already ran into a supply level. I expect the price to consolidate (or rebounce) for a little, and then continue rising.
As it reaches the yellow zone where consolidations had happened twice already, I see two scenarios that case 1: the bullish momentum is strong enough to bypass the zone or case 2: consolidate a bit around the zone, and then continue rising.
From the raise in the last 3 hours last week, we have already ran into a supply level. I expect the price to consolidate (or rebounce) for a little, and then continue rising.
As it reaches the yellow zone where consolidations had happened twice already, I see two scenarios that case 1: the bullish momentum is strong enough to bypass the zone or case 2: consolidate a bit around the zone, and then continue rising.