If it pushes above $70, we can expect a new breakout. It is not overbought and there is plenty of room for it to grow. New all time high of $100 or even more could be achieved.
There is a resistance around $80 from previous all time high.
Note
It crossed the $70 resistance. I expect next target to be $80.
Note
Target of $80 reached. It is not overbought and has a room for further growth to $100 and beyond. I expect a struggle to cross to $84 but patience will pay out.
Note
Target of $100 reached. Traders should take a part of the profit although further growth is possible.
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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.