The asset is forming an asymmetrical triangle. The resistance is at $9. The support is at the 50 EMA and the 200 EMA. And the moving averages might make a golden cross. Bulls need the price to break the $9 resistance while a golden cross happens. Bears wouldn't mind price to go back to the value zone.
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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.