I'm trying not to be too bullish, but it may break through the resistance line no problem. There's a lot of momentum, and the buy volume increased.
Currently is breaking through the wedge pattern into a possible downtrend channel, and the volume seems to reflect it. If it does bounce back up and break through it will take some time to the target sell price. Otherwise, the downtrend target buy price could be reach rather quickly.
I'm gonna hold off for now, but will keep an eye on it to see if it climbs to the next support.
Likely to be a short since the target entry price is lower. Just make sure stop-losses are also set in case it does drop.
Depends on what lows are hit during the week, but so far looks like it's setting up for a positive breakout.
I feel like this could turn into another false down-break, but it is getting close to a breakout. There is a good amount of volume that has been leveling out nicely, and I would expect a breakout later in the week, but this might another opportunity. However, buyers have had a little more control over this, and it's already broken through 1 of the major supports.
If this would have dipped early like it did the previous trade day, I would see potential, but it's beginning to enter a downtrend. Was charting this before hand, and this is how it played out. Might have better luck at the next support.