Trade setup: Price broke above $8.00 resistance to signal continuation of uptrend, with upside potential to $10.00.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $5.40 (previous resistance), then $4.70. The nearest Resistance Zone is $8.00, which it broke, then $10.00.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $5.40 (previous resistance), then $4.70. The nearest Resistance Zone is $8.00, which it broke, then $10.00.