- Prices are at strong support, coinciding also with a 50% retracement level
- A slight rise in RSI is a bullish sign
- The convergence of the 50 and 20 day EMAs could be a source of resistance
Conclusion: let prices break above the 50 and 20 EMAs and wait for a retracement before buying
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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.