On the chart, we see a classic triangle narrowing – a signal of accumulation before an impulsive move. Key points of analysis: Breakout scenario: If the price breaks above the resistance line, the growth potential is +33.89%. Local consolidation block: The area in the green rectangle highlights volume accumulation.
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.