Price is very close to land on the uptrend from March 2020. At the same time the last four weeks price hasn't moved much to the downside. It could mean that selling pressure is reducing. We could see a last push towards the uptrend and then a period of consolidation like it did before shooting up (yellow circles). Just keep this in your watchlist and wait for the right moment to buy.
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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.