The chart shows a bullish breakout from an inverse head and shoulders pattern. Price is in an uptrend and may continue rising towards $3,023. If it retests the breakout zone and holds, the uptrend is strong. If it falls below the neckline, it could be a false breakout.
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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.