Some resistance on the .236 fib. If we can break above here then the path to 7000-7100 will be clear. MACD has plenty of room to run after a bullish cross. RSI trending upwards, but has some room for regression.
If we see a continuation, then we have 8000 lying conveniently on the golden fibonacci of .618.
The breakout is strongly confirmed on the daily. The only likely bearish option that I see here is the formation of a parallel channel.
If we see a continuation, then we have 8000 lying conveniently on the golden fibonacci of .618.
The breakout is strongly confirmed on the daily. The only likely bearish option that I see here is the formation of a parallel channel.