The price has broken through a significant resistance level, the downtrend line. The price is in a zone of strong overbought conditions. The price is likely to retest the trend line, which has now turned into a support, and continue to rise.

Disclaimer

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.