From a technical perspective, the price is moving within a descending channel and is approaching the channel's lower boundary and the PRZ (Potential Reversal Zone).
It appears that the correction may continue until March 25.
A positive divergence in the MACD oscillator is one of the bullish signals on this chart in the weekly timeframe.
It appears that the correction may continue until March 25.
A positive divergence in the MACD oscillator is one of the bullish signals on this chart in the weekly timeframe.
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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.