As we can see from the daily timeframe chart, the price is trading within the borders of an uptrending channel. The price is currently located at the lower boundary of the range and we are expecting for the bulls to step into the game and drive the price further to the upside. The target will be set at the upper boundary of the channel.
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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.