In an established uptrend, the price has reached the lower boundary of the ascending channel. Given the shallow correction, it appears that the price is testing the support level at the channel’s bottom. In the medium term, this suggests a potential recovery, with prices likely moving back toward the previous channel high.
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.
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.