After bouncing from the 6h demand zone at $272, price ranged in an uptrend and it is currently getting rejected from the resistance area at $310. MACD is showing bullish weakness, RSI is bought and EMAs are not clear. Price should test the 6h demand zone at $290 and bounce from there aiming for the 16h supply zone at $320 as a short term target.
After bouncing from the 6h demand zone at $272, price ranged in an uptrend and it is currently getting rejected from the resistance area at $310. MACD is showing bullish weakness, RSI is bought and EMAs are not clear. Price should test the 6h demand zone at $290 and bounce from there aiming for the 16h supply zone at $320 as a short term target.