20W MA is always a dynamic key support for almost every bullrun
Look at chart ...all the downtrend started once we lost this weekly dynamic support in May
Bulls try to breakout it again first time since may But the important thing for confirmation is weekly candle closure above it to start a potential new bullish wave
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.