The price played out just like it was mentioned in the previous week’s analysis. The price broke above $1.20000 and reached $1.20800 level. From the $1.20800 price bounced back down because lots of sellers entered and buyers cashed out their profits. The move we see on the chart shows me that buyers have cashed out and entered again on the bounce on the $1.20000 level. Friday ended with a strong bullish candle which means there are no sellers next to $1.20800 and we could see the price next week moving higher. The break above $1.20800 will not be so easy, but I think it will take a few days until the price breaks ... (full story)