Re-test upper trendline; breakout possible
This is a follow up to a previous chart I had posted many months ago.
As expected, the price was unable to advance past the upper trend line. However, the price has been holding fairly strong and not decreased by so much. At this time, it looks like a re-test of the upper trend line is to be expected. RSI/STO troughs tend to be a good indicator of recent price reversals.
If breakout occurs, price may move to $22.5 - $25.90 (safe range).
Link to prior chart: tradingview.com/v/cVhpWubX/
As expected, the price was unable to advance past the upper trend line. However, the price has been holding fairly strong and not decreased by so much. At this time, it looks like a re-test of the upper trend line is to be expected. RSI/STO troughs tend to be a good indicator of recent price reversals.
If breakout occurs, price may move to $22.5 - $25.90 (safe range).
Link to prior chart: tradingview.com/v/cVhpWubX/
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