Currently overbought on shorter time frames as well as completion of a bearish Cypher. Small pullback to $46 and change then onto $50+ ATH after successful Q3 earnings.
Just a simple Bearish Cypher doing it's thing: Looks like we could pop back up to ~8280, maybe touch 8.3k before heading back down to 7.8-7.9k, all of which should take place within the next 24 hours. It's also possible we completed the retrace to D at 8263 and are on our way down currently with 15m RSI @ 70, even though MACD is bullish.
We may have an opportunity to test and even breakout through the main resistance line in the next couple of days. If this C&H completes, a massive breakout should occur around 7625 and cool off around 8200. We've also recently had the 25-day MA bullishly cross the 50, 100 and 200-day MA's. On top of that, the following has also occurred in the past few days if...
Looks like 7.8-8k support is very strong and also developed a bullish cypher (somewhat). We'll hopefully now bounce and test 10k in a week or less. If 7.7-7.8k breaks then we might be looking at 6k. If we push through 10.5k, 12.8k is likely with a hopeful push to 15k+ where large resistance lies.
Descending channel, currently testing resistance at the top of the channel, could fall drastically if it fails.