As we can see the strong level of resistance at around the $1,150 level that can be broken through as the buying momentum and volume picks up. We can see a break through of the resistance and see the old resistance become the new support and bounce off of that $1,150 level once again in an upwards trend all the way to it’s latest high of $1350.
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Disclaimer
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.