From $5763 - $6000 is where I can 'see' resistance but charts will not tell you if it will hold or break.
Roughly speaking that 3K-4K bottom sideway churning is the cup bottom with a big spike in price on 2April being the start of the handle. Depending on visual, I personally don't see any pullback from that breakout which is normally how price behave but outlier can happen like global major stock indices this year! This is why I suspect bulls will need a reason to be paper profit protecting?
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Trade in the direction of the momentum in this case until it bends?
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Shanthar Pathmanathan, MD
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