Trade setup: Following a bullish breakout from Ascending Triangle pattern, above $2,150 key level, price has reached our target of $2,400 resistance. Now we wait for price to either 1) break above $2,400 to signal continuation of uptrend, with upside to $2,750 next, or 2) pull back near $2,150 support for a swing trade entry in Uptrend with upside potential back to $2,400.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $2,150 (previous resistance), then $2,000. The nearest Resistance Zone is $2,400, then $2,500.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $2,150 (previous resistance), then $2,000. The nearest Resistance Zone is $2,400, then $2,500.