On the 13th of May, the price visited the area of the previous resistance that later turned into support (in other words, the previous Higher High) and nicely bounced off it, giving us enough confidence that the sentiment of the market remains bullish. More to it, taking a look at the current price action, we can observe that a sideways-moving range has been formed and some serious candle wicks have rejected the lower barrier of this range.
Now, we are expecting for the price to keep rising and reach the upper boundary of the range as indicated on the graph.
Now, we are expecting for the price to keep rising and reach the upper boundary of the range as indicated on the graph.
