Price is recently moving perfectly in an uptrend and is near it's ATH (all-time high). MACD lines are preparing to cross and become bearish, but RSI is over 50% and price is still trading above EMA ribbon. It is currently testing the support line which is now weak as it has been tested many times so price will most likely be able to break through it. We also have an untested 4h demand zone at around $2.8 which i expect price to bounce from if it breaks the support line.
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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.