Price has left an area of equal highs at $48 where it got rejected from. MACD is showing bullish weakness, RSI is bought and EMAs are bullish. Overall, expect price to take out the equal highs and reach the next area of resistance at $49.5.
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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.