The price is currently trapped between the daily 50 MAs and 100 MAs. There is a defined line representing a local upward trend, and a break below this line would be considered a bearish signal. On the other hand, if the price breaks above the 100 MAs, it may move towards the weekly 50 MAs.
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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.
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.