Technical Analysis:
General Trend:
Bullish: If the price manages to break the resistance level at $3,760, it may target higher levels up to $3,900.
Bearish: If the price fails to hold above the support level at $3,510, it may head towards lower levels up to $3,222.
Technical Indicators:
50-period Moving Average: It forms a good support near the $3,510 level, which enhances the possibility of an upward rebound.
Stochastic Indicator: It shows positive signals, which may support the continuation of the upward momentum.
Recommendations:
Buy: Upon a clear breakout and stability above the $3,760 level, with a target of $3,900.
Sell: If the price breaks the $3,510 level and stabilizes below it, with a target of $3,222.