Price spiked down below the support area and then created aa move back up above it with strong bullish momentum. Currently price is creating a potential inverse head and shoulders for potential pushes to the upside. This structure also allows for early buys on the support level.
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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.