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The long term descending channel broke out two weeks ago and a confirmation happened last week. This is quite some bullish indication from the price action.


Price may continue rallying or reverse momentarily for a retest. However, be aware that a retest could happen / could’ve happened on any time frame.

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.