4H Chart - Price Key Points:
- Moving in tight range for the past 40HRs.
- 20MA Bollinger bands above 200MA on a positive channel.
- Average support at $7366 (fair value).
- RSI and MACD taking a breather.
- Stochastic RSI attempting to produce a bottom.
- Volume low.
- Momentum stable.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $7609 – Price Target $7888 | Probability: 33% | Signal Strength: 2/5
Neutral: Price Range $7354 - $7609
Short: On a confirmed break below $7354 – Price Target $7048 | Probability: 37% | Signal Strength: 3/5
Our Stance: Neutral to long.