- EMA 9/21: Clearly broken above and now being tested as support
- Bollinger Bands: Price touched the upper band — possible overbought condition
- Coinbase Premium: +15.56 — rare! Indicates real spot demand
- RSI: 66.12 — approaching overbought territory, suggesting momentum is weakening, but not yet at an extreme level
✅ Positives:
- The price rally is supported by volume (SPX)
- RSI is climbing, but not at extreme levels yet
- EMA 9 > EMA 21 — a strong bullish signal
- Coinbase Premium turned positive for the first time in hours — a significant shift
⚠️ Warning signs:
- SPX is overheated on RSI — potential short-term profit-taking or pullback ahead
- Price is above the upper Bollinger Band — often followed by a correction
- ETH hasn't caught up with the momentum — potential divergence risk
We’re currently seeing a genuine momentum, not just manipulation — but it’s already entering a potential profit-taking or pause zone.
If the next candle prints a long upper wick and volume drops, a pullback is likely.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.