Bears have managed to take control and bring price to test the monthly support. This could give the bulls an opportunity to regain control and move price. We can also see a double bottom being formed which again can be confirmation of a bullish takeover.
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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.