The cryptocurrency is on a five-day winning streak aiming to break the 152.620 price level, which was a support level in previous weeks. If the pair manages to complete this breakout, it is possible that we could see it trading in the $175 level soon.
The Bollinger bands are wide, and this will bring higher volatility to the cryptocurrency. Price trades in the middle, and it's at a fair price.
The price currently trades slightly below the short-term moving average. By the way it is presently moving, we would see the price above this line very soon, indicating the beginning of an uptrend, but there is a lot more work to be done.
The relative strength index is recovering from an oversold status and is currently at 44%, enabling the pair to continue its uptrend in the short term. Once the RSI gets closer to 70%, we could see a drop in the price as traders could start closing their long positions.
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