-Price broke out of 3 month downward channel followed by solid demand which see price testing the 21 EMA.
-Retracing to 0.5 - 0.618 Fib level which happen to be Support level with good volume stack.
-Expecting price to go past 21EMA and retest 50EMA.
-Retracing to 0.5 - 0.618 Fib level which happen to be Support level with good volume stack.
-Expecting price to go past 21EMA and retest 50EMA.
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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.