As it can be inferred from the chart, a massive Descending Triangle is being formed and the price is currently consolidating at the lower boundary of it. We are expecting for the price to touch the zone of support one more time, before launching long positions and aiming for the descending trendline indicated on the graph.
Happy trading, everyone!
Happy trading, everyone!
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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.