4H Chart - Price Key Points:
- Convincing breakout from approx $6736.
- Healthy continuation above 200MA at approx $6923.
- 20MA converging with 200MA (unconfirmed).
- 20MA, 50MA, 100MA upwards sloping.
- Indicators a bit extended.
- Negative divergence on buying volume and the ascending pattern.
- Signals suggest that current move might reach a temp pause.
Possible Scenarios:
Long: On a confirmed break above $7157 – Price Target $7342 | Probability: 34% | Signal Strength: 3/5
Neutral: Price Range $6982 - $7157
Short: On a confirmed break below $6982 – Price Target $6805 | Probability: 30% | Signal Strength: 2/5
Our Stance: Protecting longs.