Short-Term Trend: Downtrend (Correction). Following a powerful vertical spike up to nearly 0.002000, the price is undergoing an aggressive pullback, forming consecutive lower highs and lower lows on the 1-hour timeframe.
Medium-Term Trend: Neutral to Bullish. The price remains significantly higher than its consolidation base established around June 30th and July 1st, meaning the structural macro-trend is attempting to hold onto its gains.
Medium-Term Trend: Neutral to Bullish. The price remains significantly higher than its consolidation base established around June 30th and July 1st, meaning the structural macro-trend is attempting to hold onto its gains.
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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.