The StochRSI golden cross in the oversold zone on the weekly chart is not just a technical signal—it often reflects institutional accumulation at extreme levels. Historically, such patterns have preceded sustained rallies as smart money enters during periods of panic selling. Combined with the breakout above the descending resistance line, this suggests professional buyers are positioning for a multi-week uptrend targeting $100. The key risk would be a sudden surge in volume on the downside, but current price action shows no such warning signs.
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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.