Trade setup: Price remains in an Uptrend. It got rejected at $2.50 resistance and pulled back, which could be another swing trade entry in Uptrend with upside potential back to $2.50. Stop Loss (SL) level at $1.68. Previously, following a bullish breakout from a Descending Triangle pattern, price signaled continuation of uptrend.
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 ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $1.85, then $1.55. The nearest Resistance Zone is $2.50, then $3.00.
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 ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $1.85, then $1.55. The nearest Resistance Zone is $2.50, then $3.00.