The cryptocurrency started the week with a 13.87% gain and the uptrend could continue in the upcoming days, yesterday, the pair closed with a 0.88 loss and in todays sessions the price altrady up 2.03%.
The Bollinger bands are wide but they are starting to close, which would likely decrease volatility in the upcoming trading sessions, the pair trades in between the bands, suggesting that the price is at a fair level, currently it is above both moving averages, which strengthen the Buy signals.
The relative strength index is at 50% which will enable the pair to move in either direction, the signals we are getting are bullish, and the price could reach its resistance level of 120.208 in the medium term. Our parabolic SAR indicator suggest that the price will continue to move up in the short term.
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