- We finally did pullback as expected to the demand zone below but was a few days later than predicted
- After tapping into support twice, we broke above 2 resistance levels before spiking as high as $218
- That supply zone was met with heavy selling and price retreated back down into support
- Bears have so far been unable to break this support zone and we seem to be creating some type of flag pattern
- We could very well see a retest of the breakout zone before moving higher as it has remained untouched so far
- EMAs continue to trend higher and will most likely provide support if we do pull back
- Some might notice that we have a lower high on that spike compared to the previous one
Thanks guys!