We're smacking right into the 200ma on the daily chart and the battle is intense. We're currently in an ascending wedge still, so nothing is confirmed one way or another just yet. In the next few hours we should have an answer. Will the price drop against the wedge's upper line, or will we be rejected at the 200ma and correct for the next weeks?
Note
The battle for the critical zone continues! The price is fighting against the 200ma still. No decisive direction yet, but if it breaks out of the wedge in either direction, we'll finally have an answer:
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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.