The price confirms last week's breakout, closing above the purple trendline.
The $17 area could also form a double bottom, but it is necessary to wait for the price to reach the neckline (around $40) to confirm it.
At the moment, the price is heading towards $34, where the weekly SMA100 (green line) is located, along with the previous high marked by the blue trendline.
The $17 area could also form a double bottom, but it is necessary to wait for the price to reach the neckline (around $40) to confirm it.
At the moment, the price is heading towards $34, where the weekly SMA100 (green line) is located, along with the previous high marked by the blue trendline.
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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.