Price’s direction from the weekly perspective looks quite bullish. Technically, we saw how price broke out of the symmetrical triangle pattern and also above the upper resistance of the channel. Therefore, we’re likely to see more bullish growth developments as the upper resistance is currently being retested.
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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.