Price bounced perfectly from the 12h demand zone at $230 as predicted and is currently getting rejected from the resistance at $240. MACD is still bullish however both RSI and EMA ribbon are bearish. We still don't have any bullish confirmation yet, we shall wait until it breaks above the previous high at $253 then we would aim for the major 16h supply at $320 even though we may see some rejection on the first supply zone around $300.
Price bounced perfectly from the 12h demand zone at $230 as predicted and is currently getting rejected from the resistance at $240. MACD is still bullish however both RSI and EMA ribbon are bearish. We still don't have any bullish confirmation yet, we shall wait until it breaks above the previous high at $253 then we would aim for the major 16h supply at $320 even though we may see some rejection on the first supply zone around $300.