All signs are pointing to new highs, we have now seen big buyers come in at $300 and under. Since then we have made 2 noticeable higher highs and one higher low. The 200 hr SMA
is turning up and the price is sitting on the 50 hr SMA
as support. The MACD
have plenty of room before reaching overbought levels and once the price breaks back over the $400 and the Yellow line horizontal resistance (that's been in this chart for some time), buyers should step in out of fear of missing another rally.
Let's see if reality will line up with the technicals, all comments are welcome.