Upper channel boundary were broken. It also were tested on 15 min chart, but I failed to make good chart for it.
MACD looks overbought. In fact we did not have similar MACD level since... hmmmm... Ever? :-)
RSI looks overbought too, but not at extreme level.
Volume declining, but not very much.
There could be bearish wedge forming as well, but is probably too early to say.
Of coerce the correction is overdue now, but the previous analysis is technically damaged, unless price not go back to the channel very soon.
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