As the price recently broke out of the bearish channel formation, it has made a significant bullish move. It is making corrections as the momentum of the bulls gets smaller. At the moment the RSI is overbought, and the price just closed above a strong area of support and resistance. We are waiting for the end of the corrective pattern before the price will continue further in the bullish direction.
We wish you good luck with your trading!
We wish you good luck with your trading!