US30 has broken passed the major resistance level at $45000 finally and is currently priced at $45200. The Bullish trend from the past week has created strong bullish confluences with price trading above the 21 and 50 day Moving Averages and in the bullish region of the RSI, expecting further upside potential.
With the break of the $45000 barrier, we can expect price to retrace and test this point sometime in the future and with that see a bounce from this level with the resistance turning support.
Will also be looking at other keys levels such as $44980 and $44730 should price have a deep retracement before the bullish trend resumes.
With the break of the $45000 barrier, we can expect price to retrace and test this point sometime in the future and with that see a bounce from this level with the resistance turning support.
Will also be looking at other keys levels such as $44980 and $44730 should price have a deep retracement before the bullish trend resumes.
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