Based on the breaking of the long-term downtrend line towards an upward direction, as well as the current price situation in the meddle of the ascending channel and the interaction of the one-hour channel floor with the demand zone in the same timeframe, and considering the corrective nature and price growth according to the identified trend in the 4-hour chart, there is a higher probability for further upward movement.
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.