The price has dropped to the lower boundary of the descending wedge and the weekly 100 EMA. Numerous bullish divergences suggest a high probability of a rebound upwards, with a possible retest of the upper boundary of the wedge. Breaking through the upper boundary of the wedge could be a signal for the continuation of the uptrend.
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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.