Trade setup: After a brief consolidation phase around the $1.25 resistance price has broken above it to signal continuation of uptrend, with upside potential to $1.55 next.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.80 (previous resistance), then $0.55. The nearest Resistance Zone is $1.25, which it broke, then $1.55.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.80 (previous resistance), then $0.55. The nearest Resistance Zone is $1.25, which it broke, then $1.55.