The daily & weekly chart are extremely bullish.
After price rallied we had a pullback on light volume which shows low seller interest.
Price pulled back to the 50day moving average on the daily chart and is also holding the 38% Fibonacci at the same level.
On the weekly chart we had 2 weeks of decreasing volume as we approached the 10 day moving average support.
From my perspective both daily & weekly chart show a demand zone to add long.
After price rallied we had a pullback on light volume which shows low seller interest.
Price pulled back to the 50day moving average on the daily chart and is also holding the 38% Fibonacci at the same level.
On the weekly chart we had 2 weeks of decreasing volume as we approached the 10 day moving average support.
From my perspective both daily & weekly chart show a demand zone to add long.