The price failed to break above the weekly 100 EMA and fell towards the trendline, which is acting as a support level along with the weekly 200 SMA. The price is in oversold territory on some timeframes, and there are multiple bullish divergences forming. A potential bounce in price is possible.
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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.