Daily chart is in a short-term downtrend, but price approaching a long-term trendline around 2,400 on the weekly timeframe; which area is also coinciding with the 200 week-moving-average.
Interesting thing to note about this 200-week-moving-average is that, though it has been tested a couple of times, it has never been breached!
Interesting thing to note about this 200-week-moving-average is that, though it has been tested a couple of times, it has never been breached!
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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.