As it can be identified from the graphical illustration, the price printed a massive bullish candle last week and broke out of the descending trendline. Moreover, it can be noticed that the price is currently forming a bottom on the local zone of demand. We can expect for the price to bounce off the local area and keep growing till the area of resistance illustrated on the chart
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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.