Bullish signs:
- 3 days of increasing 1D volume
- Weekly bullish MACD crossover
- Crossed previous diagonal resistance
Bearish signs:
- Top of intermediary diagonal channel
In conclusion, now is not a good time to be entering a trade due to lack of confluent factors or good risk to reward ratios.
I'm still holding my long term position which I bought in at 4500 but will be closely watching the 10,500 level.
Frank aka hooked2thechain