Price is facing bullish pressure from our first support where we could see a further push up to test our resistance target. Stochastic is approaching support as well, in line with our bullish bias. That said, we caution the limited upside as prices are facing bearish pressure as well, from our descending trend line.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.