As you can see from the chart, we are currently bouncing off the higher support line, into the resistance line established by the bear run started in late December / early January. This is no news, it's been happening for a while.
The convergence of the resistance and support line is imminent at the beginning of the second week of April, thus the price must...
Price reached a new high in the last two years, just one day after the last new high. It is very far away from its short-term ascending support line, not to mention its long-term ascending support line. I expect it to at least fall to its temporary ascending support line which creates a good shorting opportunity. If by some miracle it decides to break this support...
Trend line indicates upward trend. Fibonacci Retracement and Extension show good entry / exit points. Could be a solid buck. I'm in with some money, let's see what happens.
