A weekly close like this means the blue-circled area has turned red thus the price is heading to the dashed line support area.
Price needs to rally back above ~$3,050 for bullish sentiment to be back.
Price needs to rally back above ~$3,050 for bullish sentiment to be back.
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Related publications
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.