Price is currently forming a triangle pattern, which presents two possible scenarios: bullish or bearish. I lean toward the bullish outlook, as the price is showing strong support within the PRZ (Potential Reversal Zone). If this assumption holds, we can expect a potential upward move.
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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.