RSI at ~60 with plenty of room to move up.
Bullish pennant on hourly, daily.
Break of resistance at 4.75 should lead to move towards .618 fib level of 9.58 and if an extended wave 3, could run as high as $19. Support at $3.
MACD shows sell volume drying up. VWAP shows progressive movement upward for volume weighted price, another positive sign.
This is a bitcoin layer 2 solution and has little competition in the space.
Bullish pennant on hourly, daily.
Break of resistance at 4.75 should lead to move towards .618 fib level of 9.58 and if an extended wave 3, could run as high as $19. Support at $3.
MACD shows sell volume drying up. VWAP shows progressive movement upward for volume weighted price, another positive sign.
This is a bitcoin layer 2 solution and has little competition in the space.
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Disclaimer
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.