As it can be observed from the graph, the price is currently trading within the border of a descending channel. The overall trend is bullish, therefore, our bias is bullish as well. The recent closure of a super bullish H4 candle gives us another confluence and backs up our bullish sentiment. We are now patiently waiting for the price to keep rising and reach the zone of resistance indicated 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.