The price has broken above the weekly 100 EMA and is attempting to break the descending trendline. A retest of the 100 EMA is possible, followed by a breakout of the trendline. The price is in overbought territory on some timeframes. A bearish scenario would push the price below the 100 EMA again.
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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.