On the daily chart, the price is trying to break above 24.11 for the second month in a row (correction 0.0%), after which the quotes will open the way to the April highs of last year around 26.20. Otherwise, a rollback to 22.61 (correction 23.6%) and 21.70 (correction 38.2%) is possible, while it will have to break through the ascending fan.
Technical indicators show opposite signals, illustrating the uncertainty of the market: Bollinger bands are reversing upwards, Stochastic is reversing downwards, and the MACD histogram is stable in the positive zone.
On the weekly chart, the price continues to rise for the fifth month in a row from the 18.00 area, and currently, the quotes are breaking through the opposite downwards fan and testing 24.38 (correction 61.8%), the breakdown of which will give prospects for further growth to 25.70. The key "bearish" level is 23.18 (correction 50.0%), and if it breaks down, it will be possible to continue the decline to 21.95 (correction 38.2%).
Technical indicators reflect that the uptrend is continuing: Bollinger bands are reversing upwards, and the MACD histogram is increasing in the positive zone. Stochastic is horizontal in the overbought zone but can leave it, which does not exclude a corrective decline.
Support and resistance
Soon, the continuation of the price growth seems more likely, and if 24.38 (correction 61.8%, W1) is broken, its targets will be 25.70 and 26.20 (highs in April last year). A corrective decline will become possible if 23.18 (correction 50.0%, W1) is broken down to 22.61 (correction 23.6%, D1) or 21.95 (correction 38.2%, W1).
Resistance levels: 24.38, 25.70, 26.20. | Support levels: 23.18, 22.61, 21.95.