Price is moving upwards in a nice parallel channel. It is also moving accordingly with RSI while still being above 50% and still trading above EMA ribbon. However, MACD lines just crossed and is now in a bearish territory after bullish weakness, this is meaning that price will most like retest the support line before moving up again reaching the 1h supply zone. We will be looking forward for price's reaction at that level.
Price is moving upwards in a nice parallel channel. It is also moving accordingly with RSI while still being above 50% and still trading above EMA ribbon. However, MACD lines just crossed and is now in a bearish territory after bullish weakness, this is meaning that price will most like retest the support line before moving up again reaching the 1h supply zone. We will be looking forward for price's reaction at that level.