Well, as we can see - the price took hold above the strong resistance (±$5235) and now came to the another resistance ($5350) that is formed by a flat triangle's top edge. If the price breaks through this resistance and takes hold above, we will have great chances to see upward movements to $5400 - $5500 -$5600 zones. However, in case the price won't break the resistance - it will come back to the previous resistance (now support) $5235.
By the way, we have to keep in mind that in case the price breaks the support at $5200, we can cancell our LONG position and look for a SHORT entry points.
By the way, we have to keep in mind that in case the price breaks the support at $5200, we can cancell our LONG position and look for a SHORT entry points.
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