Based on HTF (Daily), the price is currently in an uptrend and approaching a previously broken weekly resistance level, which has now turned to support.
If the bullish trendline and support level are respected, a bullish candlestick signal would be a signal for a bullish move, while a break below the support level would be an indication of a fall to the next support area.
If the bullish trendline and support level are respected, a bullish candlestick signal would be a signal for a bullish move, while a break below the support level would be an indication of a fall to the next support area.
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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.