The price has bounced strongly from the demand zone between $270 – $295, suggesting the start of a potential bullish wave. A falling wedge pattern has been broken to the upside on the weekly timeframe, which is a strong bullish signal.
Buy Zone:
Support zone between $270 – $295 offers a solid buying opportunity if retested.
Targets:
Target 1: $491
Target 2: $626
Target 3: $758
The bullish outlook remains valid as long as the price holds above the $270 support level.
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