Approaching .718 resistance & supply line
The price action to the upside has been impressive, breaking the previous .618 fib. line and now approaching the .786 fib extension. Prior to testing the resistance of the re-accumulation channel and reaching ATH, price action must break through the local supply line. Volume should increase and to show indisputable strength JAC and then backtesting before moving to ATH in the wake of an approximately $10K shakeout. The MACD and the RSI on both the 4hr and daily support a move to an ATH, less so on the weekly. And we wait!
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Correction: The title should be 'Approaching .786 resistance & supply line'
