The bulls just reclaimed the moving average cluster,
then CCI 21 poured cold water all over the rally. 🥶
On the 15m chart, price pulled back to the moving average cluster for the first time,
closing at 0.13090, firmly 0.97% above the cluster’s upper edge.
Looks like it’s about to take off, but look closely—
6 of 8 conditions are flashing green,
with bullish alignment in 100% of the last 96 candles, a 1d pullback, and 1h bulls above the cluster.
But CCI is still stuck at 21,
and 4h bears are still rebounding—the bulls and bears are fighting right overhead.
My plan: stay out.
Watching for CCI to cross back above 100 and the MACD histogram to turn positive.
The next 15m close is the line in the sand—
If 0.13090 holds and CCI turns up, then I’ll make a move.
If price breaks below the cluster’s upper edge, the bullish setup is derailed on the spot. 🚂
Would you sneak in early and take a shot?
Or wait with me by the cluster for CCI to wake up? 🤔
⚠️ Technical analysis is for reference only and does not constitute investment advice
#ON $ON