While the longer-term trend on this chart is bullish, the immediate situation hints at a possible short-term bearish correction. If the price breaks below key support levels, particularly the upward trendline, the trend could shift to bearish in the short term. However, until those support levels are broken, the overall trend remains bullish.
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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.