Technical analysis:
Strong mark-up phase from Friday and potential for the upside continuation in the next period.
Trading recommendation:
Due to strong mark-up phase in the background ,I see potential for the upside continuation in the next period.
Watch for buying opportunities on the pullbacks using 2h,4h time-frame.
Upside objectives are set at the price of $58,250 and $59,320
Stochastic is showing bear cross in overbought condition, which is sign that downside correction isnt over but watch for new bull cross to confirm upside continuation.
Support level is set at $56,000
