The price has successfully broken above a significant resistance level, the weekly 50 EMA. There might be a potential retest of this level. If the upward trend continues, the next strong resistance level to watch out for is the cluster of the weekly 100 and 200 EMAs.
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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.