A bullish trend has broken a resistance zone and it turns to a support area for the chart.We see two higher peaks in price but two lower peaks in RSI indicator. This is a bearish signal for the chart but we speculate that the chart will be supported by that support area and ascending trend line.
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.