The upward trend continues to form. What point will be critical for that trend?
Will the upward trend hold?
As long as the trend’s structure stays intact, the upward movement will continue.
If the Bears take the advantage, there will be a natural turn to decline. That is possible to happen at the level of $11.5. That resistance is most likely to serve as the starting point for a turn to decline, provided the price holds.
But as long as the trend isn’t disrupted, it will continue going up. The next top target right now is the medium-term level of $12.4.
The key point protecting the upward trend is $11.5. Until the Bears fortify at it, the upward trend will continue.
Follow us on Facebook