Price is rising towards an overlap resistance zone which also aligns with the 38.2% Fibonacci retracement.
As you can see, the Stochastic indicator is also in the overbought territory
I believe a rejection from this level could lead the price to drop towards thesupport level.
As you can see, the Stochastic indicator is also in the overbought territory
I believe a rejection from this level could lead the price to drop towards thesupport level.