After the initial hour up today, price has consolidated. It has been rising strong though, mostly outside the Keltner channel (on 30m) and here this hourly chart shows price under the 200ma. A cooling is needed, but based on 30m, daily, weekly charts, I cannot join the crowd calling for a big move down. If anything, larger timeframe indicators neutral to bullish for now.
Note
The alternative view is that price pushes right up over the 200 and out of this local consolidation. This is also possible given the strength of this move.
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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.