Looks like its broken the short term downtrend and it should retest the local highs. If it fails there the downtrend should continue to 6.5-8k.
If the breaks the short term downtrend and holds the old support area around ~13.5k, it could make a push to the high end of the range 17-18k.
Short term bullish, but waiting to see if longer term downtrend will still hold.
If the breaks the short term downtrend and holds the old support area around ~13.5k, it could make a push to the high end of the range 17-18k.
Short term bullish, but waiting to see if longer term downtrend will still hold.
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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.