Price was ranging perfectly between the support at $187 and the resistance area at $208. MACD is showing bullish momentum, but RSI is overbought and price is trading far above EMA's. Price recently broke out from the resistance level with huge volume printing a 2h demand zone at around $212 so it will most probably come back to that level before pushing up more.
Price was ranging perfectly between the support at $187 and the resistance area at $208. MACD is showing bullish momentum, but RSI is overbought and price is trading far above EMA's. Price recently broke out from the resistance level with huge volume printing a 2h demand zone at around $212 so it will most probably come back to that level before pushing up more.