Price today is currently breaking the long term descending trend line that has tested over 3 times already, showing a strong bullish indication. However, price is approaching a key area of resistance above, where we can see looking left a lot of selling pressure occurred. From the key area, price could pullback to retest the broken trendline, building up momentum to break the key resistance & continue the bullish uptrend.
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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.