As we can see price has broken out the ascending in an impulsive manner meaning theres a good chance that price could drop. We can expect price to consolidate a little before dropping, this is a short term direction, the overall direction is bullish however the scalpers can secure a few dollars.
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.