Bullish divergence is clearly seen via the RSI on the weekly time frame.
This can potentially hold a lot of weight, the higher the time frame the more weight the confluence holds.
In regards to the daily chart and the 200 EMA, I think we are still on track to break out right now. We've had no clear rejections yet and the price is still holding up well against this level. I will update again later today if we get any significant movement.
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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.