The price has faced an increase in demand within an appropriate time and price range, forming favorable reversal candles. If the $22 level is broken, the growth trigger will officially activate, and one could be optimistic about the price reaching the upper boundary of the descending channel, around the $47 range, in the medium term.
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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.