Price has been on an uptrend looking at the weekly time frame with a retracement in the pattern of a descending channel on the daily time frame.


Following the breakout of the descending channel to the upside, very high chances that the bulls may continue pushing price higher.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.