- Recent candlesticks indicate strong upward momentum after a pullback.
- There is a higher low formation, suggesting a possible continuation of the uptrend.
- The presence of long wicks in recent candles suggests volatility and buyer strength.
- Support Levels: Around $33.20 - $33.40 (recent swing low and moving average support).
- Resistance Levels: Near-term resistance around $34.40 - $34.60 (recent highs).
- The price is moving towards the upper Bollinger Band, indicating bullish pressure.
- Declining volume on pullbacks suggests weak selling pressure.
- Short-term: Bullish
- Medium-term: Bullish as long as price remains above $33.20
- Long-term: Bullish if price continues to hold higher lows
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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.
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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.