The price is currently in the upper part of the ascending channel, indicating strong bullish momentum.
A breakout above the green resistance zone could signal a move toward higher levels, likely beyond $8.50.
If the price fails to break through the green zone, a pullback to the channel's lower boundary or the yellow support zone is possible.
A breakout above the green resistance zone could signal a move toward higher levels, likely beyond $8.50.
If the price fails to break through the green zone, a pullback to the channel's lower boundary or the yellow support zone 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.