Uptrend remains intact — price is respecting a higher-low trajectory drawn from late July towards October. Currently, price seems to be consolidating just above the trendline, which acts as a short-term dynamic support.
The consolidation phase looks healthy, suggesting accumulation rather than distribution.
The consolidation phase looks healthy, suggesting accumulation rather than distribution.
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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.