The price is trapped inside a triangle, and it is currently at the triangle's bottom. If we look at previous lows, the price has typically seen strong growth after hitting the bottom. If the price follows previous trends, we should now expect a price increase.
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Related publications
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.