Description
⋅ The price is trading within the confines of an ascending parallel channel.
THETA has just broken above an ascending channel’s middle boundary resistance, restarting the uptrend.
The MACD had flipped bearish but is currently giving out a bullish impulse.
The uptrend is supported by improving technical levels based on the MACD.
Resistance at $8 may either stop or delay the upswing and perhaps lead to an increase in selling orders.