The technical chart reflects on the magnitude of the bullish momentum by the price levels from the past couple of trading sessions. The bulls hinted at their arrival by having a positive breakout above the major resistance line placed at 0.382fib level. Thereafter, the price levels also had a positive crossover above the bullish line of 0.236fib level and currently sustaining above it. The crypto asset has formed a symmetrical triangle pattern in the bullish regime and will be looking for a positive breakout in the upcoming market sessions.
The relative strength index (RSI) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.
The moving average convergence & divergence (MACD) has also formed a bearish crossover and showcasing negative nature above the signal line.
The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.
Resistance Level: $3.50
Support Level: $3.20 & $2.50
The relative strength index (RSI) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.
The moving average convergence & divergence (MACD) has also formed a bearish crossover and showcasing negative nature above the signal line.
The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.
Resistance Level: $3.50
Support Level: $3.20 & $2.50
