After a sharp price increase following a previous rally, a correction took place, forming an Ascending Triangle Pattern.
Currently, as the price has broken above the upper boundary of the Ascending Triangle and found support at the previous resistance level, there is no reason not to enter a long position.
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.