A breakout of the bearish trendline indicates a potential trend reversal.
The pair has also broken above the previous lower high, signaling a shift in market structure from bearish to bullish.
A bullish divergence on the RSI adds further confluence, showing weakening bearish momentum and potential for upward movement.
Price is consolidating above key levels, indicating strong buyer interest and accumulation.
The pair has also broken above the previous lower high, signaling a shift in market structure from bearish to bullish.
A bullish divergence on the RSI adds further confluence, showing weakening bearish momentum and potential for upward movement.
Price is consolidating above key levels, indicating strong buyer interest and accumulation.
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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.