We see price confined inside two downward channels and forming a bullish harmonic. There is confluence of trendlines and the harmonic at around $4500. In general, price has been confined to a large triangle (green) and breakout of the triangle would lead to a 3 years bullrun.
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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.