The price for the first time in history is trying to gain a foothold above the moving averages. Also, the position of moving averages on chart indicates a likely future upward crossover, indicating a potential golden cross formation. A broken global descending channel signals a completed downtrend, with a potential target that is 250% higher than this one.
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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.