The price seems to have gained enough momentum to break out the resistance level of the falling wedge. This is great as the price has managed to breakout and looks like it has started retracing back, I believe the price is going to retest the previously broken resistance. If this acts as a level of support and the price is able to bounce, we will see bullish gains for this pair. The RSI was at an oversold level, now the price is getting closer and closer to this previous resistance, the RSI is positioning itself in a better position for bullish moves. Once this pair has reached the resistance level I would update this post.
