2H Chart - Price Key Points:
- Minor rejection at approx $7536 fully absorbed.
- Bullish reversal at approx $7435.
- Support provided by 20MA, 50MA and 100MA.
- Momentum improving.
- Models hint that a possible bullish flag formation is in the works (unconfirmed).
Possible Scenarios (unchanged) :
Long: On a confirmed break above $7613 – Price Target $7730 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $7509 - $7613
Short: On a confirmed break below $7509 – Price Target $7398 | Probability: 33% | Signal Strength: 2/5
Our Stance: Neutral to long.