Key level
The instrument is toggled at the key level. If the trend continues its dynamics and consolidates above 16,500, then it is very likely that this year we will test the 2017 maximum. I am inclined towards a correction, since the coin did not re-test the lower boundary of the local channel.
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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.