The price has shown signs of strength after a significant decline, forming a potential bullish structure. A break above the recent consolidation zone, along with support from the Exponential Moving Average (EMA), suggests a possible upward continuation. If the price holds above this level, further upside movement is expected.
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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.