The price seems to have managed to breakout the channel, but is now struggling to make any further gains, the previously broken resistance has been tested twice now and if the price level holds then it seems like the price could be getting ready to make some bullish gains. I believe this is just a period of consolidation and the price is going to soon gain momentum, it looks like it is likely that the price would make further gains, rather than falling at this level. Once the price has broken out the range it is likely we would see an increase in momentum. I would update this idea once a breakout occurs.
