The price has now broken above the trendline.
The current weekly candle has closed above the trendline, which is a sign of a potential breakout.
The breakout is also supported by a strong green candle with increased momentum.
If the price sustains above the trendline in the next few candles, it can confirm a trend reversal.
The current weekly candle has closed above the trendline, which is a sign of a potential breakout.
The breakout is also supported by a strong green candle with increased momentum.
If the price sustains above the trendline in the next few candles, it can confirm a trend reversal.
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It can retest the trendline support.
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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.
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.