We may be witnessing the formation of an ascending triangle, and the price is attempting to break above the upper boundary and the weekly 100 EMA. The price is in overbought territory on some timeframes. Two possible price movement scenarios are indicated.
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Disclaimer
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.