The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.
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.