A Positive Trend Towards Peak Price!

The result in continuous high volumes where exceeding the MA20 line was due to efforts in price. This is aligned with the candlestick pattern where the price attempted to break out R2 price before the price closed at the R1 price.

The MACD and RSI indicate a positive outlook where not showing indicators to back off from the uptrend pattern.

The parallel channel provides a guideline where the price is within the limit of the control channel. In case the price closed below the parallel channel. Then the S1 will be the support limit.

R 0.420, 0.430
S 0.355

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.