As it can be inferred from the chart, the price has finally broken out of the descending trendline. Moreover, a nice Inverse Head&Shoulders pattern has been formed, which indicates a possible bullish continuation. We are expecting for the price to keep pushing and reach the area of $52k resistance.
Happy trading, everyone!
Happy trading, everyone!
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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.