Price was in a strong downtrend, however, the bulls are trying to win control and have managed to break previous lower high, and instead printed a higher high. If this is broken we can expect a bullish rally. Targets are mentioned on the chart.
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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.