Price is About to Breakout the Major High with EMA Signal Suppor
Both EMA12 and EMA26 in the weekly and monthly timeframes are showing bullish signals. Prices have been consolidating for 1078 days, indicating a potential breakout. Since September last year, volumes have decreased, suggesting a buildup of pressure. Currently, the price is breaking through a Low Volume Node (LVN) area to the left, which could lead to a significant move upwards.
Note
The target price is 188 which is the PoC of the previous consolidation phase.Note
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.
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.