Surpassed .786 Fib, testing major resistance in prep for JAC
Price action has developed to test the major resistance for this phase at $40K, which demonstrated strong support a few days earlier. To the extent that price action surpasses $40K, then we JAC and backtest (BUEC) before seeking an ATH. Volume appears strong; MACD and RSI appear poised to discover another ATH. However, if testing resistance fails at $40K I'd expect a fallback to the minor demand line for a few tries before falling again to test the second demand line of the channel.
