The chart shows a strong uptrend, respecting an ascending trendline with three confirmed touches (1, 2, and 3). The price is currently testing a minor resistance zone, which has previously acted as a rejection point.
At this moment, the price is near the trendline for a potential fourth retest (marked as "4?"). If the trendline holds, it could act as a springboard for another upward move, potentially breaking the minor resistance and continuing the bullish trend.
At this moment, the price is near the trendline for a potential fourth retest (marked as "4?"). If the trendline holds, it could act as a springboard for another upward move, potentially breaking the minor resistance and continuing the bullish trend.
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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.