Trade setup: Price is in an Uptrend. It briefly broke above $115 and $125 resistance, making a Higher High (sign of Uptrend) but got overbought (RSI > 70) and pulled back. Now we wait for price to either 1) break above $115 to signal continuation of uptrend, with upside to $125 near-term, or 2) pull back near $95-100 support zone for a swing entry in Uptrend with upside potential back to $115 near-term and $125 medium-term.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.