4H Chart - Price Key Points:
- Rejection at approx $8187.
- Follow through at approx $7860.
- Under 200MA lower Bollinger band for the past 20HRs.
- Momentum stabilizing.
- Volume supported current retrace.
- RSI signalling a possible temp pause.
- MACD signal widening.
- Stochastic overextended at the lows for approx 56HRs.
Possible Scenarios:
Long: On a confirmed break above $7634 – Price Target $7917 | Probability: 37% | Signal Strength: 4/5
Neutral: Price Range $7410 - $7634
Short: On a confirmed break below $7410 – Price Target $7136 | Probability: 31% | Signal Strength: 2/5
Our Stance: Willing to attempt speculative longs.