The price has successfully broken above the descending trendline, signaling a potential reversal in the downtrend. This breakout suggests that the price may experience growth after a consolidation period or pullback, offering an opportunity for upward momentum.
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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.