The price has formed a rising channel. 200 MA is broken, the price may continue to rise to the next strong resistance level - 200 EMA. The bearish scenario will bring the price down to the downtrend line
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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.