Price was consolidating between the support at $310 and the resistance at $370. Both sides were tested multiple times which now makes them weak and should not hold long. Although MACD is showing mixed, RSI is slightly above 50% and price is just above EMA ribbon. I expect a breakout from the resistance area to occur reaching the daily supply which should not hold as it has been tested and price should be able to reach the second major supply at $562, possibly hitting a new ATH.
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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.