We can clearly distinguish an ascending triangle pattern, which may be an early bullish sign. Nonetheless, as the rising trendline indicates, and being VERY strongly backed by both RSI and Stoch RSI, now would be a good time to buy. While it's unknown whether it will necessarily break through the resistance at 12.5k, an small wave upwards to that level is extremely likely. Were that to happen, there would be major resistance around 14.5k.
Trade cautiously friends!
Trade cautiously friends!
Comment:
We've hit the first resistance, though earlier than expected. Good time to take some profits.