The price has broken above the trend line and has once again risen towards the resistance zone around $140, near the weekly 50 EMA. The price may repeat the previous scenario and undergo a correction for a retest of the trend line. A bullish scenario could push the price towards the resistance level of $190-$200.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.