The MACD is crossing over and after making a double bottom the price recently broke above the descending weekly trend line. We also see D+ curling up and D- crossing bellow the ADX line which implies an uptrend.
It appears that 4.70 may act as resistance in the short term given the congestion at that price, which is also the .38 fib level.
target: 4.96, 5.31, 5.63 in the short term.
It appears that 4.70 may act as resistance in the short term given the congestion at that price, which is also the .38 fib level.
target: 4.96, 5.31, 5.63 in the short term.