1. The recent rebound from the support level at 0.845, coupled with the successful breach of the downtrend line, signifies a promising indication of a potential reversal in the current trend.
2. the crossing of the Accumulation/Distribution indicator above the 0 line further reinforces this outlook, suggesting an increase in buying interest that can potentially sustain the upward price movement.
2. the crossing of the Accumulation/Distribution indicator above the 0 line further reinforces this outlook, suggesting an increase in buying interest that can potentially sustain the upward price movement.
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Note
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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.