We are seeing a trendline set up and combining with the date of the 20 Day SMA crossing the 200 Day SMA, it appears it will happen sometime around the 11th of April. The black arrow has not changed on my TA's in a week now and seeing as how it has continued to follow that exact line, we may actually have a breakout in the next two days. If we do see a breakout, it will likely hit the resistance level of $5,900 to $6,100 and bounce back down. Holding there would require a tremendous amount of support upwards, and a retrace is expected to happen, followed by at least one more test of this resistance. Seeing the consolidation around $5,100 - $5,250, we will have heavy support here for the retrace.
These are only my opinions. DYOR.
These are only my opinions. DYOR.
