Price is currently bouncing off the support/resistance flip around the $105 area. MACD is showing bullish momentum, RSI is bought and EMAs are bullish. I expect price to move down to a more discounted area like the 12h breaker zone before continuing its overall bullish movements from there.
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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.