support from 200 days moving average
Updated
looks like price is moving upwards as it is getting support from 200 days moving average, but at this point in time, by looking at graph it can go either ways. i will wait for confirmation of trend for long-medium term holding i will enter at around $189-$180 and for short term to ride the wave i will make an entry at around $230. please note these are my personal notes and by no means an advise for anyone to follow, please do your own research before entering into any trade.
Note
looks like it is honouring trend line and getting closer to $230 level. would be interesting to see how i crosses $230 resistance level and stays above. i think if this happens it would be pretty bullish under current market situation. If bulls keep the price above $230, i think next target would be $270 and then $320.i think it is just a matter of getting some decent volume and price would touch 50day moving average.
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