A break above is very bullish. Rejection will bring price to the previous lows. The diagonal resistance in purple is very significant because it is long term and price action has failed to break above it for months.
The price action is currently in a rising wedge which has tendency to break down. RSI above 60 but there is still space to go up to 80 the all time RSI highs. There is a bullish divergence on the RSI.
The price action is currently in a rising wedge which has tendency to break down. RSI above 60 but there is still space to go up to 80 the all time RSI highs. There is a bullish divergence on the RSI.
