On both price chart and SMA50% we can see a breakout from 12+ months resistance lines. Both were hit several times and did hold. Not this time. There was a breakout and the lines are being backtested now.
If breakout is succesfull we could see a swift up move with $3200 price target mid 2021.
I would put a SL just under 23 Feb wick witch is $2312.
If breakout is succesfull we could see a swift up move with $3200 price target mid 2021.
I would put a SL just under 23 Feb wick witch is $2312.